Kataratambi assets seized over Equity bank theft


Mr Charles Kataratambi


Police have seized property worth unspecified amount of money from the home of Charles Kataratambi, the former head of the Special Investigations Department-SID and three other officers.

The four officers are being investigated for mismanaging a case of fraud at Equity Bank.

The officers are accused of sharing US$450,000 about 1.3 Billion Shillings that was recovered as exhibit in the fraud case.

In March this year, Moses Ebitu, the Operations Manager Equity Bank reported a case of fraud vide number E/078/15 at SIU headquarters in Kireka.

Ebitu told police that US$450,000 was fraudulently withdrawn from the from the Accounts of Sisco Majok Makom and Mabior Achang Ajalg, both South Sudan nationals at their Equity Bank Oasis Mall Branch on March 28th and 29th 2015.

The police file indicates that three people withdrew the money.

10 minutes later, the account holders also withdrew the same amount at the Equity Branch in the South Sudan capital Juba.

The Equity Bank headquarters only realised the double withdrawal three days day later.

As a result, three Equity Bank employees were picked up to help police investigations. In their written statement, one of the suspects claims that he told the investigating officers that $450,000 was in his house and that his wife would hand it over to the police.

The suspects were later released on bond but there is no record showing whether the money was recovered from the suspect’s home.

As a result, the Equity Bank MD James Mwangi complained to President Yoweri Museveni leading to the arrest of Charles Kataratambi, the former head of the Special Investigations Department-SID and his three junior officers.

The officers were released on bond last week after six days of detention at Nsambya Police Barracks on orders of President Museveni.

However, over the weekend a team of Police Officers led by William Kototyo, the head of the Anti- Corruption division of the Criminal Investigations and Intelligence directorate (CIID) conducted a search on the suspect’s homes and seized property.

An officer who was part of the search team says they seized newly bought television sets, sofa sets, two Toyota prados and various electronics from the homes of Alex Kabanda and two others only identified as Eddie and Solomon.

The detectives also recovered US$30,000 (Shilling 78million), a Toyota Prado motor vehicle, documents, land tittles and mobile phones from the house of Kataratambi in Buziga, a Kampala suburb.

Fred Enanga, the Uganda Police spokesperson says the search is the first step into the investigations.

He however, declined to divulge of the recovered items on ground that the properties are an essential party of the investigations.

The suspects are believed to have used some of the exhibit money to buy the recovered property.


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