Police says city tycoon Hamis Kiggundu is not part of the alleged theft of Shs 4.32bn stolen from Equity bank.
“Our investigations (Police) into the alleged theft of US$ 1.45m (Shs 4.32bn) from Equity Bank does not point towards city tycoon Mr. Hamis Kiggundu as being a suspect or a witness in the case
In fact, we have not summoned Mr. Kiggundu as a witness or a suspect,” says a short statement released by Kampala Metropolitan Police spokesperson, Patrick Onyango.
He said the suspects in connection to this case have been re-arrested and they will appear in court any time.
The report which first appeared in Red Pepper says the theft was committed at the Oasis Mall Branch of Equity Bank, where USD: 1,450,000 approximately (Shs.4.328,017,902) was withdrawn from accounts belonging to; Sisco Majok Makom A/C No: 2001211113233) and Maboir Achang Ajag (2001211267094), both South Sudan nationals, with accounts in Equity Bank South Sudan.
Reports also linked the city tycoon, Hamis better known as Ham in the scandal.
Ham is the owner of Ham Tours sitting opposite Makerere University main gate and Ham grounds shopping Centre sitting in Nakivubo Stadium.
According to police spokesman, Fred Enanga, the track team that is reviewing the alleged theft is still carrying out inquiries in the case and following new leads that are not yet exhausted.
He said the officers have met bank officials and other technical experts and established new evidential developments that included advances in technological and financial data, which would help provide a basis on as to whether the four re-arrested suspects can be linked to the offence.
“The inquiry is a huge one and the task team have a lot of work that will include summoning all witnesses, suspects and recovery of exhibits.”