Ex-bank MD quizzed over foiled robbery

The police is widening its investigation into a foiled robbery at Top Finance bank, to include company employees.

The Observer has learnt that Peter Okaulo, a former managing director of the Chinese-owned credit institution, was on Monday questioned in connection with the foiled robbery two weeks ago.

Okaulo is reported to have spent 10 hours at Jinja Road police station, from 8.30 am to 7.30pm.

Our sources said the police were not ruling out the possibility that the attempted robbery could have been an insider job.

We have also been told that the Chinese owners of the Kololo based bank had informed police that Okaulo had been forced to resign in November.

It is also alleged that after his resignation, Okaulo had tried to lure some of the staff away, telling them the bank was about to collapse.

“We are not making any conclusion but we just wanted to know more about the circumstances under which he left the job and why he was telling other employees to resign. Was he aware that something was about to happen? We shall interrogate other bank employees,” said a police source.

Okaulo yesterday refused to comment about his interrogation until investigations are complete.

“Go and your police sources tell you what I told them,” he told The Observer before switching off his phone.

For his part Ronald Bogere, the OC/CID at Jinja Road police station, said: “We are making some progress.”

Shot dead

On December 15, police shot dead two suspected thugs, Zubair Tweheyo and Badru Kasekende during their mid-morning hit on a vehicle carrying money from Top Finance in Kololo.

The police was acting on a tip off and had deployed its armed personnel in a car that was supposed to carry officials of the Top Finance Company Limited that were taking an unspecified amount of money for banking.

The robbers had earlier on contacted the Top Finance driver who normally drives bank officials as they take cash for banking. The driver instead tipped his bosses who also contacted the police that advised the bank management to carry Shs 2million in the bag and planted armed men in the car.


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