More
    HomeEntertainmentURA seizes fake Ugandan shillings worth 41 Million

    URA seizes fake Ugandan shillings worth 41 Million

    Published on

    spot_img


    URA seizes fake Ugandan shillings worth 41 Million


    The Uganda Revenue Authority (URA) has impounded various denominations of fake Ugandan shillings at the Busia border town.

    According to customs officials at the border, the hard cash in denominations of 5000 and 10000 shillings was confiscated on Sunday, wrapped in a suspicious looking package aboard a Modern Coast Bus Registration number KDA 155X.


    The package was reportedly declared but not passed through the customs unit for verification.

    “It had been declared but later manually crossed out, we first thought it was only an offense of failure to declare cash, but while counting, the notes looked a little odd. This is when we sought assistance from a bank whose hi-tech machine confirmed that the money was fake,” said an official


    URA seizes fake Ugandan shillings worth 41 Million

    Three suspects have since been arrested and the bus impounded.


    The law on prohibited goods provides for a fine of 50 percent of the value of items and in the case of counterfeit notes, the penalty is imprisonment for the suspect.

    Similarly, Section 199 of the East African Community Customs Management Act sets a fine of not more than 5,000 dollars (about 18.5 million shillings) for such means of transportation, in this case, the Modern Coast bus.


    URA seizes fake Ugandan shillings worth 41 Million




    Source link

    Latest articles

    Bruno K addresses baby mama rumors, reveals he has three

    Over time, speculations have been making rounds on social media alleging how singer...

    Blogger Ashburg Katto affirms commitment to Uganda, declines abroad opportunities

    In an interview with Anna Talia Oze on the Sanyuka Bigenda Bitya show,...

    Gabie Ntaate Faces Threat of Law Suit Over Contract Breach For Her Recently Concluded Concert – BigEye.UG

    By BigEyeUg Team Gospel artist Gabbie Ntaate and event organizers Refined Events have found...

    DJ Jacob Omutuuze Criticizes Ugandan Music Industry’s Decline – BigEye.UG

    Renowned radio presenter turned politician, DJ Jacob Omutuuze, has delivered a harsh assessment...

    More like this

    Bruno K addresses baby mama rumors, reveals he has three

    Over time, speculations have been making rounds on social media alleging how singer...

    Blogger Ashburg Katto affirms commitment to Uganda, declines abroad opportunities

    In an interview with Anna Talia Oze on the Sanyuka Bigenda Bitya show,...

    Gabie Ntaate Faces Threat of Law Suit Over Contract Breach For Her Recently Concluded Concert – BigEye.UG

    By BigEyeUg Team Gospel artist Gabbie Ntaate and event organizers Refined Events have found...