1,000 COWE Fraud Victims Record Statement in Kabale

1371 Views Kabale, Western Region, Uganda
More than 1,000 people have turned up at Kabale Central Police Station to record statements over the alleged fraud committed by a local non-governmental organization, Caring for Orphans Widows and Elderly (COWE). The Kabale District Police Commander, Kadri Asiimwe, says 1,250 people recorded a joint statement at his office accusing COWE of defrauding them of more than two billion shillings. He says the group wants the police to recover their money from the COWE officials. According to the victims of the COWE scam, people were required to pay a 60,000-shilling registration fee in exchange for membership with the organization as well as material and financial support. They also deposited large sums of money with COWE in the hope of obtaining high interest returns every month and low cost loans. However before it could make good on its promises, COWE closed shop in southwestern Uganda and failed to account for money taken. One of the victims, Jessica Musimenta, says lost six million shillings to COWE. She claims she was not issued receipts in recognition of her investment and was only given forged documents from the organization. On Wednesday two top directors of COWE