startquestionstalksour storystories
tagspreviousget in touchlatest

Nine Finance Ministry Officials Arrested in Central Bank Hacking Case

February 5, 2025 - 18:04

Nine Finance Ministry Officials Arrested in Central Bank Hacking Case

In a significant development, Uganda's police have taken nine officials from the finance ministry into custody as part of an ongoing investigation into a major hacking incident involving the central bank's electronic systems. This breach has reportedly led to the theft of 62 billion shillings, equivalent to approximately $16.87 million.

Among those detained is the senior-most official from the ministry's Treasury department, highlighting the gravity of the situation. The police and the finance ministry confirmed that several officers associated with the accountant general's office were summoned and subsequently detained by the Criminal Investigations Department.

This move underscores the government's commitment to addressing financial crimes and ensuring accountability within its ranks. The finance ministry has communicated updates regarding the investigation through its official channels, emphasizing the need for thorough inquiry to resolve the matter effectively. As the investigation unfolds, the implications for those involved and the broader financial system remain to be seen.


MORE NEWS

SKHY Tracks Worst Month Since Nasdaq Debut: SK Hynix Reportedly Wants To Ship More Chip Tools To China Before Building In US

October 15, 2026 - 11:24

SKHY Tracks Worst Month Since Nasdaq Debut: SK Hynix Reportedly Wants To Ship More Chip Tools To China Before Building In US

Solidigm, the US based unit of South Korean memory maker SK Hynix, is reportedly asking Washington for permission to ship additional semiconductor manufacturing equipment to its plant in Dalian,...

Ripple partners with Privy to embed XRP ledger wallets in apps

October 14, 2026 - 18:46

Ripple partners with Privy to embed XRP ledger wallets in apps

Ripple has announced a partnership with Privy, a wallet infrastructure company owned by Stripe, to make it easier for developers to embed XRP Ledger wallets directly into their applications. The...

Bank of America Hit With $1.2 Billion Penalty Over Laundering Lapses

October 14, 2026 - 02:37

Bank of America Hit With $1.2 Billion Penalty Over Laundering Lapses

Federal regulators have ordered Bank of America to pay $1.2 billion in penalties following an investigation into serious failures in its anti-money laundering controls. The fine stems from the bank...

QUICK SPARK: DLA Piper Makes Its Private Credit Move With Three Senior Latham Hires

October 13, 2026 - 01:59

QUICK SPARK: DLA Piper Makes Its Private Credit Move With Three Senior Latham Hires

DLA Piper has moved to strengthen its private credit and capital solutions practice by bringing on three senior lawyers from Latham & Watkins. The hires signal a broader push by the firm to capture...

read all news
startquestionstalksour storystories

Copyright © 2026 PayTaxo.com

Founded by: Yasmin McGee

tagseditor's choicepreviousget in touchlatest
your datacookie settingsuser agreement