Uganda Finance Ministry Officials Face Corruption, Money Laundering Charges Over $21 Million Hack
2025-02-07
Reuters
A Ugandan court has charged eight finance ministry officials with corruption, electronic fraud, and money laundering following a hacking incident on the central bank's systems. The incident resulted in the loss of at least $21 million, sparking a major financial scandal. The charges highlight the growing concern of cybercrime and financial corruption in Uganda, with authorities cracking down on illicit activities. The case is expected to shed light on the vulnerabilities of the country's financial systems and the need for enhanced cyber security measures to prevent future incidents.
