Police is on the hunt for the prime suspect in the Dfcu fraud saga that rocked the commercial bank in May 2019.

The prime suspect has been identified as Francis Twinobusingye, also known as Kyakabale, among peers.

twinobusingye

twinobusingye

Twinobusingye, who hails from the western Uganda district of Bushenyi, is said to have masterminded the fraud scheme in which close to Shs10 billion was stolen from the bank.

He was working with employees of the bank to execute the scam that has shaken the banking industry in Uganda.

For the past one or two months, Police with the help of sister security organs has been working on his arrest. However he remains at large.

Xclusive UG has actually established that Braise Ombuze was arrested to lead authorities to the chief fraudster Twinobusingye.

Ombuze was later released on police bond.
“Braise led CID investigators to Francis’ home but this led to naught. Chap had shifted,” a detective told this website.

According to a police, Twinobusingye will be charged with electronic fraud and theft offenses.

Twinobusingye and Braise are among six suspects who breached DFCU’s system and accessed customers’ information.

$2.6M depositors’ money was stolen.

Twinobusingye, with the help of bank insiders, breached some accounts in Kampala in May and

accessed the cash.

Earlier reports suggested the crime was executed by four junior staff and two outsiders.

While police detectives remain silent about the matter, a secret source told us that the hackers cracked the bank’s system and started using “old unauthorized ATM cards” allegedly belonging to a number of pseudo customers created by these hacker themselves.

In April this year, unknown armed robbers entered dfcu Bank Mbarara Branch and took off with UGX10m from a businessman who had gone to bank it.

The client, Sharif Kakooza, was robbed of his money from the bank in presence of security personnel who are charged with guarding and subjecting whoever enters the bank to a thorough search before that person accesses the bank.

Kakooza, who deals in Bajaj boxers in Mbarara Town, narrated that unknown person found him in the bank after he had filled the deposit slip, put a pistol on his neck before they moved him out into a waiting car and drove him away.

All these security glitches have caused worry among the bank customers who are now demanding for answers.

This came about after a female employee was raped by robbers.

Meanwhile, the bank’s foreign partners are extremely angry and want to know how this sensitive information leaked to the media.

“It’s nolonger DFcu with pleasure, everything is a mess,” a source said.

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