A Ugandan court has charged nine senior officials from the Ministry of Finance, Planning, and Economic Development with corruption, electronic fraud, and money laundering. This follows a significant hacking incident that occurred last year, during which over $21 million was lost from the central bank due to redirected payments. The charges were presented in a magistrate's court in Kampala and highlight critical vulnerabilities in Uganda's financial systems, alongside deeper issues of corruption that persist within government institutions.
A Ugandan court has charged nine senior officials from the Ministry of Finance for alleged involvement in a hacking incident that cost the central bank at least $21 million.
The hacking incident involved the redirection of payments, which were supposed to reach their intended beneficiaries, revealing significant vulnerabilities in the financial system.
This case highlights ongoing issues of corruption and electronic fraud in Uganda, which continue to impact the country's financial stability and public trust in institutions.
With these charges, the Ugandan government aims to address corruption within its ranks and is taking steps to hold officials accountable for financial misconduct.
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