By our reporter

Financial Intelligence Authority (FIA) has confirmed that it’s investigating Justine Bagyenda, the Bank of Uganda Executive Director for supervision over alleged illegitimate accumulation of wealth.

The Executive Director of FIA Sydney Asubo said they are acting on a petition from a whistleblower who indicated that Bagyenda’s wealth is not commensurate with her wealth and she could be involved in money laundering.

According to Asubo, it was after these allegations that the Authority decided to kick off an investigation after which they will share information with relevant law enforcement agencies to take action.

“The information we have, we shall share it with other law enforcement agencies. We are still compiling information about the financial dealings of Bagyenda. We shall then have to verify it,” he said.

Last month, a whistleblower petitioned the Inspector General of Government (IGG) claiming that Bagyenda has accumulated more than Shs 19 billion within a space of two years. The money, the whistleblower claimed has been put on bank accounts in various commercial banks.

She is also linked to 17 properties in central and western Uganda worth several billions. Bagyenda was supposed to declare her wealth under the Leadership Code Act that stipulates that a person shall within three months after becoming a leader and thereafter every two years, during December submit to the IGG a written declaration of their income, assets and liabilities.”

The IGG has since opened investigations into the allegations.