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Bank manager gets 7 years for fraud
KAMPALA. The Anti-Corruption Court has sentenced to seven years in jail a former Soroti Centenary Bank branch manager over fraud.
Justice Margaret Tibulya also ordered Ms Grace Adakun to refund Shs540 million she stole citing that she is a bad example to mothers for involving her children in committing the offence.
“The prosecution has proved beyond reasonable doubt that Ms Adakun embezzled and caused financial loss to Centenary Bank,” held the judge.
She added: “The evidence on record proved that the convict solely carried out the transaction and no other person used her password to make 71 deposit transactions whose withdrawals she carried out using an Automatic Teller Machine.”
The evidence also showed that Ms Adakun used her position to divert cash from her employer’s suspense and fixed deposit accounts to personally originated accounts of her children and relatives.
Ms Adakun’s conviction was also influenced by the auditor’s report, the evidence retrieved by an IT expert at the bank and her charge and caution statement where she admitted having made different fraudulent transactions.
