Nine Government Officials Arrested Over Bank of Uganda Heist.

Police have arrested nine high-ranking government officials, including top personnel from the Ministry of Finance, in connection with the infamous Bank of Uganda heist. The suspects were named as part of an ongoing investigation into the fraudulent diversion of millions of dollars meant for international development aid.

The case revolves around a payment of $6.134 million (22.3 billion Ugandan shillings) intended for the World Bank’s International Development Association (IDA), which provides credit to the world’s poorest countries. Instead of reaching its rightful destination, the funds were illegally redirected to a bank account in Tokyo, Japan.

Authorities have intensified efforts to uncover the full extent of the fraud, with the Ministry of Finance pledging full cooperation in the investigation. The Secretary to the Treasury, Ramathan Ggoobi, stated that the ministry has provided all necessary support to the investigating authorities. He also assured that the ministry remains open to any further inquiries from law enforcement agencies.

The arrest of the officials marks a significant step in the fight against financial fraud in Uganda, as authorities work to recover the stolen funds and bring those responsible to justice.

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