Criminal court to charge Prince Shah Karim Al-Husayni aka Aga Khan IV for theft and fraud related cases in Uganda


by BA 35 Views

By Reporter Prince Shah Karim Al-Husayn Sha, the founder and chairman of the Aga Khan Fund for Economic Development, owning Diamond Trust Bank Group has been summoned by The Criminal Court in Uganda to answer Charges of THEFT, ELECTRONIC FRAUD, MAKING FALSE ENTRIES IN FINANCIAL LEDGERS, COMPUTER MISUSE, UTTERING FALSE DOCUMENTS & CONSPIRACY TO COMMIT FELONY alongside his staff: Nassim Mohamed Devji, The Group C.E.O & M.D DTB AFRICA, VARGHESE THAMBI, The C.E.O DTB Uganda and JOHN SITAKANGE, The Head Of Credit DTB Uganda. & This is the second time Diamond Trust Bank Top Management is being Summoned, in May 2021, the M.D was summoned by the Financial Intelligence for Money Laundering Related investigations. This arises from the illegal and dubious debit transactions from Tycoon Hamis Kiggundu and Ham Enterprises U Ltd.’s bank accounts over a spread period of 10 years. The four are on 28th September 2021 required to appear before Buganda Road Magistrate’s court to take plea on charges of theft contrary to section 254 of the Penal Code Act Cap 120, making false entries in financial ledgers contrary to section 47 (1) and (3) of the financial Institutions Act of 2004. They are also accused of electronic...