Businessman Steals Ugx 7 Billion From Airtel Uganda

Muhammed Kakumba, a 31-year-old businessman residing in Namagoma Village, Wakiso District, has been remanded to Luzira Government Prison after facing charges of electronic fraud and theft.
The allegations revolve around his alleged involvement in stealing over 7 billion shillings from Airtel Uganda through a computer network.
Kakumba appeared before Chief Magistrate Ronald Kayizzi at Buganda Road Court, where he pleaded not guilty to the charges brought against him.
The prosecution, represented by Ivan Kyazze, outlined the case, stating that Kakumba, along with others who are still at large, engaged in the alleged fraudulent activities between October 27th and 28th, 2022, in Kampala or its vicinity.
The charges assert that with the intention of procuring unfair or unlawful gain, Kakumba deliberately transferred a substantial sum of money, totaling 7,617,860,000 billion shillings, from the Airtel Money Uganda Ltd (AMCUL) Bank Money platform.
The illicit transaction involved directing the funds to 1496 Airtel Mobile numbers, and the entire operation was carried out through a computer network.
Following the presentation of these charges, Muhammed Kakumba was remanded to Luzira Government Prison pending further legal proceedings.

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