KAMPALA – Justine Bagyenda transacted a whopping Shs499,428,906 million in three years, latest leaked records of her transactions indicate.
Ms Bagyenda first wired about Shs650 million to an account in Centenary Rural Development Bank held by a one Kenny Muwonge.
Then the account was used to disburse the transactions through Ms Bagyenda’s mobile money account on her official mobile line No. 0772768629 and that of a one Robert Muhumuza 0789011775, said to be a relative by marriage.
The leaked documents from telecommunication giant, MTN reveal that the under-fire former Executive Director in charge of Supervision at the central bank and her son-in-law made mobile money transactions on their numbers as deposits from another number. Much of the money didn’t last as it was immediately dispatched to other accounts.
According to the documents, ‘Kenny Muwonge’s’ account in Centenary Rural Development Bank is SA 2120011273 (Mukwano Arcade branch/Ben Kiwanuka Street) and details indicate Ms Bagyenda used to send the money in tranches of Shs20,000,000 using the bank’s real time gross system (RTGS).
RTGS is a system of payment made online from one bank to another and the payment goes through Bank of Uganda.
It takes hours to make payment instructions to your banker instead of issuing cheques.
Ms Bagyenda who was deposed from her role as executive director of supervision at the Central Bank and placed on road to retirement, has refused to leave the Bank and has been appointed as advisor to the Governor.
She faces multiple investigations by the Inspector General of Government, Uganda Revenue Authority and the Financial Intelligence Authority, after her bank transactions leaked in the wake of the fall out of the closure and sale of Crane Bank, owned by city business tycoon Sudhir Ruparelia.
The sale of Crane Bank has since backfired with Ms Bagyenda and other officials involved facing spotlight for committing possible fraud.