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Businessman remanded over defrauding Cairo bank out of Shs 200m

Robert Kisolo in court

Robert Kisolo in court

Buganda Road Magistrate's court has remanded Robert Kisolo for three weeks on charges of obtaining Shs 200m by false pretense from Cairo Bank Limited.

Kisolo was arraigned before magistrate Fidelis Otwao and he denied the charges against him. Court heard that Kisolo and others still at large during the month of September 2016 in Kampala district, obtained credit worth Shs 200 million from the said bank by means of fraud on a mortgage of land comprised in Kyaggwe block 22 at Gwafu in Mukono district.

Kisolo was charged in the absence of a state attorney and therefore details about the matter are still scanty. But Clementina Babirye who led the family of complainants at the court, said that they don't know who stole their family land title to obtain the said money from Cairo bank.
She said their family land title was registered in her name and her 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 canceled to obtain the money, and as such Cairo bank put a caveat on their land despite their pleas. 

The bank allegedly instead advised the family to instead look for Kisolo, saying that they must be knowing him. We 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 now that they have finally got Kisolo who was arrested by the criminal investigations department officers about three days ago. 

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

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