https://en.sputniknews.africa/20250207/ugandan-finance-officials-charged-in-21-million-bank-hacking-scandal---1070549892.html
Ugandan Finance Officials Charged in $21 Mln Bank Hacking Scandal
Ugandan Finance Officials Charged in $21 Mln Bank Hacking Scandal
Sputnik Africa
On Tuesday, Ugandan police arrested nine officials from the finance ministry in connection with an investigation into a cyberattack on the central bank's... 07.02.2025, Sputnik Africa
2025-02-07T15:53+0100
2025-02-07T15:53+0100
2025-02-07T16:09+0100
sub-saharan africa
uganda
world bank
east africa
finance
cybercrime
central bank
arrest
police
investigation
https://cdn1.img.sputniknews.africa/img/07e9/02/07/1070549723_57:0:621:317_1920x0_80_0_0_490ef97123a09baeccf5760491cec736.jpg
Eight officials from Uganda’s finance ministry have been charged with corruption, electronic fraud, and money laundering following a cyberattack on the country’s central bank that resulted in the loss of at least $21 million.The charges were read in a magistrate’s court in Kampala, where it was revealed that funds intended for the International Development Association (IDA), an arm of the World Bank, were illegally redirected to companies in Japan, Poland, and the UK.According to the charge sheet, one of the accused, an IT officer, "irregularly altered the payment instructions" to divert funds, while the ministry’s top accountant was charged with "neglecting to put in place effective systems to safeguard public funds," leading to financial loss. The funds were initially meant for loan repayments to the IDA but were instead funneled to unauthorized recipients.The suspects were denied bail and remanded in custody until February 18, when their case will be mentioned in the high court.Authorities continue to investigate the full extent of the breach and whether additional individuals were involved in the fraud.
https://en.sputniknews.africa/20250205/uganda-detains-nine-finance-ministry-officials-over-1684-million-central-bank-hack-1070513318.html
uganda
east africa
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2025
Christina Glazkova
https://cdn1.img.sputniknews.africa/img/07e7/0b/07/1063380906_0:0:673:674_100x100_80_0_0_79628b4d0cd9f29291a57aa13bbf9e7a.jpg
Christina Glazkova
https://cdn1.img.sputniknews.africa/img/07e7/0b/07/1063380906_0:0:673:674_100x100_80_0_0_79628b4d0cd9f29291a57aa13bbf9e7a.jpg
News
en_EN
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Christina Glazkova
https://cdn1.img.sputniknews.africa/img/07e7/0b/07/1063380906_0:0:673:674_100x100_80_0_0_79628b4d0cd9f29291a57aa13bbf9e7a.jpg
uganda, world bank, east africa, finance, cybercrime, central bank, arrest, police, investigation
uganda, world bank, east africa, finance, cybercrime, central bank, arrest, police, investigation
Ugandan Finance Officials Charged in $21 Mln Bank Hacking Scandal
15:53 07.02.2025 (Updated: 16:09 07.02.2025) Christina Glazkova
Writer / Editor
On Tuesday, Ugandan police arrested nine officials from the finance ministry in connection with an investigation into a cyberattack on the central bank's electronic systems.
Eight officials from Uganda’s
finance ministry have been charged with corruption, electronic fraud, and money laundering following a cyberattack on the country’s central bank that resulted in the loss of at least $21 million.
The charges were read in a magistrate’s court in Kampala, where it was revealed that funds intended for the International Development Association (IDA), an arm of the World Bank, were illegally redirected to companies in Japan, Poland, and
the UK.According to the charge sheet, one of the accused, an IT officer, "irregularly altered the payment instructions" to divert funds, while the ministry’s top accountant was charged with "neglecting to put in place effective systems to safeguard public funds," leading to financial loss. The funds were initially meant for loan repayments to the IDA but were instead funneled to unauthorized recipients.
The suspects were denied bail and remanded in custody until February 18, when their case will be mentioned in the high court.
Authorities continue to investigate the full extent of the breach and whether additional individuals were involved in the fraud.
