Kampala Businessman defrauds Cairo Bank of UGX 200 million

By Albert Kusolo

After allegedly defrauding Cairo Bank Limited, businessman Robert Kisoro was placed on detention on allegations of obtaining credit by fraudulent pretense.

On Monday in the early afternoon, Kisolo was charged with a variety of offenses before Buganda Road Court Grade One Magistrate Fidelis Otwao.

 

The court has been informed that Kisolo and other individuals who are still at large obtained credit worth 200 million shillings from the aforementioned bank through fraud on a mortgage of property included in Kyaggwe Block 22 land at Gwafu in Mukono district during the month of September 2016 at Cairo Bank in Kampala district, incurring a debt or a liability to Cairo.

 

Kisolo was charged in the absence of a state attorney, and therefore, it could not be easy to understand the progress of investigations into this matter.

 

But Clementina Babirye, who led the family of the complainant at court, has told our reporter that people they don’t know stole their family land title to obtain the said money from Cairo Bank.

 

She said their family land title was registered in her name, Babirye, his brother’s name, Henry Ssemugoma, and their sister, Catherine Namusoke.

 

She said when the land title got lost, they applied for a special title and obtained it in 2006. But later, Kisolo, who is not related to them, and others still at large allegedly used their stolen land title, which had been cancelled, to obtain the said monies, and as egedly used their stolen land title, which had been cancelled, to obtain the said monies, and as such, Cairo Bank put a caveat on their land.

 

But the bank reportedly refused to believe their claims and asked them to look for Kisolo, saying that they knew him but not him. This website couldn’t independently verify this claim.

 

Babirye added that since that time, other family members thought that they had obtained the said monies, but they are happy that they have finally gotten Kisolo, who was arrested by the detectives of the Criminal Investigations Department of Police about three days ago.

 

She said that as a family, they have also instituted civil proceedings regarding this matter before the Mukono High Court. Kisolo will now return to court on June 15, 2023, for a mention of his case.

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