Uganda’s Criminal Investigations Directorate (CID) has officially contacted Japanese police via Interpol to obtain details on individuals who allegedly withdrew UGX 20 billion from a fraudulent account in Japan.
The investigation involves Uganda’s Central Bank, CID, Japanese law enforcement, and Interpol as they probe the mysterious disappearance of UGX 60 billion in a widening financial scandal since the fraudulent withdrawals reportedly took place in Japan.
Sources close to the investigation reveal that the UGX 20 billion withdrawal in Japan could be just the tip of the iceberg, with detectives scrambling to track how much more might have been siphoned through similar channels.
Interpol has been engaged to facilitate cross-border cooperation, ensuring the swift exchange of financial intelligence between Uganda and Japan.
CID officials believe that accessing the identities of the account holders and transaction details from Japanese authorities could lead to major arrests.
Meanwhile, Uganda’s Central Bank remains under intense investigations, with calls for a full forensic audit to determine if internal loopholes enabled the fraudulent transactions.
The revelation of billions vanishing into thin air has sparked public outrage, with citizens demanding answers and accountability.
Financial watchdogs and lawmakers are now pushing for greater transparency in Uganda’s banking sector, warning that unchecked fraud could shake investor confidence.
