Uganda Finance Ministry Officials Charged with Corruption and Money Laundering in $21 Million Scandal
2025-02-07
MSN
In a shocking move, a Ugandan court has charged eight finance ministry officials with corruption, electronic fraud, and money laundering. The charges stem from a hacking incident on the central bank's systems, which resulted in a staggering loss of at least $21 million. The incident has raised concerns about financial security and corruption in the country, with experts calling for greater transparency and accountability in financial institutions. Key issues such as financial regulation and cybersecurity are now under scrutiny. The case highlights the importance of robust financial systems and anti-money laundering measures to prevent such incidents.
