The committee investigating the alleged embezzlement of public funds in Kampala City Council, has unearthed more than 40 suspicious bank accounts that were reportedly opened by the former Town Clerk, James Segane.
The committee secretary, Bernard Luyiga, says that while official records show that KCC had only five bank accounts, investigations led to more than 40 alleged KCC bank accounts in Stanbic Bank, DFCU Bank and Allied Bank.
Luyiga says Segane, contravened the Financial Regulations Act by opening several accounts without the Council's approval.
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Luyiga does not rule out the possibility that some of the accounts were used by the finance officials to defraud the council. He however says it has been difficult to get an explanation about the accounts because Segane was just recently released from jail.
Segane was suspended on September 4th following concerns over loss of KCC money.
The investigative committee which will present its findings on Friday, has among others recommended that all unauthorized bank accounts be closed.