Tom Malaba
11:33

Police hunts for other directors of Dutch International

18 Nov 2008, 15:07 5623 Views Kampala, Uganda Crime Report
Police is hunting for five other Directors of Dutch International for defrauding 9,000 people of over 90billion shillings in the biggest financial scam in Uganda. One of the Directors of Dutch International Nixon Balikowa is out on court bond. The police spokesperson at the Director of Criminal Investigations, Fred Enanga says they are looking for Andrew Kaggwa Kulumba, Edward Lukandwa, Musa Ahmed Imaniragaba, Shamillah Habejja and Mpologoma Nkade. Police is also tracing the whereabouts of the money after realizing that all the six Directors had access to the company's accounts where money was deposited. The six people have been operating a voluntary community contribution termed full of surprises in Kampala, Mbarara, Mbale, Jinja and Kapchorwa. After taking the money the group closed all their offices and disappeared. Nixon Balikowa was charged yesterday at Buganda Road Court together with two of the company's employees Joshua Kadaga an assistant country director and Emmanuel Tenywa. The trio was charged with obtaining money by false pretence. Balikowa was granted cash bail of one million shillings. Several people joined the scam after they were promised to earn an interest of 24percent on their money. Each of the clients was required to deposit between 100 and 500 US dollars. //Cue in: iWe have not established# Cue out: #million and the like.i// Police says some people invested as much as 150million shillings in the scam hoping to reap more money. According to Fred Enanga, police opened investigations into the company following a complaint from Bank of Uganda. Dutch International is not licensed by bank of Uganda to take deposits and advertise. Police has already recorded statements from over 200 out the 3000 con victims in Kampala alone. Police has now opened a center at the Directorate of Criminal Investigations in Kibuli where victims of the scam are recording statements. However police is surprised that people are still being conned even when they paraded Balikowa who was earlier involved with defrauding people in Western Uganda through COWE. Police has obtained clues that this money might have been wired to South Africa but are yet to establish the transaction accounts. According to Fred Enanga, police wants to amend the charge sheet from obtaining money by false pretence to embezzlement of company funds. Nixon Balikowa is also linked to Front Page Micro Finance and Team business finance.

 

Tagged with: dutch international

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Tom Malaba