Kampala Tycoon Kirumira charged with fraud

By Edward Anyoli   

CITY Tycoon Godfrey Kirumira has been charged with fraud in connection to mismanagement of the consolidated funds amounting to sh190m that Kiruhura district was to return to the national treasury.

Kirumira Friday appeared in court about 9:00am and denied the charges before the Anti- Corruption Court Chief Magistrate Irene Akankwasa.

Kirumira was granted  cash bail of sh6m and his three  sureties who included  a  city  businessman Sudhir Ruparelia , a private senior private secretary to the President  Sarah Nkonge and  businessman  Ephrahim  Ntaganda are to execute a non cash bond of sh15m.

Oscar Kambona, the lawyer representing Kirumira said he would not abscond if granted bail.

It is alleged that Ojambo and Twinobusingye between July and August2012 at bank of Baroda in Kampala, forged an Electronic Fund Transfer of money from Kiruhura district bank account held in Baroda Mbarara branch claiming it was made in favour of Baggery Trading account.

The money was part of the conditional grant funds remitted to Kiruhura District Local Government in the financial year but was unspent and thus had to be remitted to the treasury.