Details of bank account details of Bank of Uganda Deputy Governor, Dr. Louis Kasekende’s wife have leaked.
Edith Kasekende (in featured photo) is swimming in billions of shillings yet she isn’t known to own business ventures that can accrue several millions of shillings within a short period of time.
Sources say Edith runs an Easy Go account (number withheld for security reasons) at Standard Chartered Bank which is used to transact hundreds of millions of shillings.
“She receives questionable deposits of Shs1.6bn from BoU which she pays back, implying that she and other people, including her husband, use BoU for liquidation of their business and put the money back before it is detected,” the source said, adding: “For instance, she received Shs1.7Bn from China Railway Seven Group (CRSG) and Shs394M from Arnold Masembe, which is suspected to be payment from BoU lawyers.”
Her bank statement indicates that between May1, 2017 and May17, 2018, she received another Shs6447m from an unknown source and Shs421m from Bank of Uganda.
Between the same dates, she deposited Shs415m and Shs383M respectively, and another Shs120m and Shs394m, although the source of this money remains unknown.
“There are large sums of cash deposits from unknown people, yet her property, as declared by the deputy governor BoU doesn’t match up to her bank transaction,” the source added.
It is thus suspected that Kasekende’s wife could be receiving hundreds of millions of shillings each year through or from questionable channels, reason why she has become a point of interest for investigators into the alleged multibillion fraud that is being perpetrated by officials at Bank of Uganda.
It should be noted that fresh reports indicate that the Inspector General of Government (IGG) is now investigating several Bank of Uganda (BoU) officials over alleged illicit accumulation of wealth.
With former BoU director for supervision of commercial banks Justine Bagyenda already investigated by the Financial Intelligence Authority (FIA) over allegations of illicit accumulation of wealth and allegations of money laundering, the IGG is now closely looking at the wealth of several senior BoU officials, including the Governor, Emmanuel Tumusiime-Mutebile and his deputy Louis A. Kasekende.
The declaration of income, assets and liabilities forms filled by Dr Kasekende shows that he owns property worth about Shs8 billion in upscale areas of Kampala, Wakiso and other areas. He is also a shareholder of Green Hill schools, a farm in Bukasa valued at Shs500 million and several commercial buildings which fetch millions of shillings in rent per year. In the declaration form, Dr Kasekende says he picked loans from commercial banks and used his statutory salary, savings from research, gratuity payments and travel allowances to build rentals and acquire the assets.
