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David Jamwa granted bail

The Former Managing Director of the National Social Security Fund, Chandi Jamwa was on Wednesday sentenced by Justice John Bosco Katutsi of the Anti Corruption Court to 12 years in jail for causing the Fund final loss. Judge of the Anti Corruption Court, John Baptist Katutsi said corruption is a concern everywhere and must be stamped out. “Surely, anybody with commonsense cannot believe that you [Jamwa] did what you did innocently. Remember, white-collar crime offenses are committed by very intelligent people. Law enforcement agencies are no match for people like you.” The defence attorney, David Mpanga had told the court that the prosecution had failed to adduce evidence that the accused was motivated by personal gain. The judge also faulted the prosecution for being selective. “You cannot simply pick one and leave the other accused. It is unfair and must be condemned,” said Justice Katutsi. PHOTO BY NELSON WESONGA

Former NSSF managing director David Chandi Jamwa has Tuesday May 15, walked home after Supreme Court judge Stellah Arach Amoko released him on bail.

Jamwa is out on bail pending an appeal he filed in the Supreme Court in which he is challenging a 14-year jail term given to him by the Anti-corruption Court. After spending six years out on bail , the Court of Appeal in January 2018 sent Jamwa  back to Luzira maximum prison to serve  the jail term that was handed to him in 2011 for causing NSSF a Shs3.1 billion loss when he prematurely sold the Fund’s bonds held in then Crane Bank.

Justice Arach Amoko agreed with Jamwa’s lawyers that he is at risk of dying of cardiac arrest since he is hypertensive.

Jamwa has been ordered to pay cash ten million shillings, deposit his passport and his wife’s tittle for land located in Munyonyo with court  as security for his bail .

The Court also found Jamwa’s five surities substantial and were each given a non cash bond of Shs500 million.

Jamwa has been ordered to report to the supreme court registry every last working day of the month until the final disposal of his appeal.

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