FOR IMMEDIATE RELEASE
Pressnews.biz (Press Release) Mar 18, 2014
-- Uganda, officially the Republic of Uganda, is a landlocked country in East Africa. The U.S. government rates Uganda as “Critical” for residential crime, “Critical” for non-residential crime, and “High” for terrorism. Uganda continues to improve its security situation by focusing efforts toward combating crime and terrorism. Two of the leading figures in Uganda’s criminal underworld are known to be Emmanuel Katto and his first partner, James Ibori. With a criminal activity ranging from defrauding the Ugandan Central Bank to colluding with corrupt officials in the Ghanian government, these two are now some of the top criminals who threatened and managed to fraud the government of Uganda.
Emmanuel Katto is one of the leading figures in Uganda’s criminal underworld, managing to commit fraud many times in a row. Being an international arm dealer and fraudster with an extensive network within various African governments, Emmanuel Katto is known to have been involved in many criminal activities, such as defrauding the Ugandan Central Bank and colluding with corrupt officials in the Ghanian government. Born in Uganda, Emmanuel Katto began his career in the paper and pulp industries, but quickly branched out and became CEO of Ascot Associates in 1985 and started stealing from his own country. This company, registered in the Isle of Man, was used as a front for running scams in Angola. Also, the address of the company was used for a company named Sterling Trust Ltd, which was involved with several members of an anti-money laundering police team.
In 1996, Ascot Associates adopted two trading names: Transdanubia in Nigeria and Transtema in Ghana. During his travels, Katto met James Ibori. James Ibori is a corrupt Nigerian politician whose moral bankruptcy motivated him to steal vast amounts of money from some of the poorest people in the world. Amongst his many crimes, James Ibori defrauded the public he was elected to represent, laundered money and evaded prosecution many times. After being re-elected in 2003, James Ibori became involved with the notorious Emmanuel Katto, and it was with Katto that James Ibori masterminded one of the greatest scams ever perpetrated on the Nigerian people. Ibori awarded Katto’s companies and contracts to supply rural and urban areas with power in exchange for a hefty fee. For his part, Katto took the contracts, cashed the promissory notes and failed to provide the services.
James Ibori was protected from prosecution while Governor, so it was only in 2007 that the investigation into his activities resulted in his arrest by the Economic and Financial Crimes Commission. Ibori was charged with 170 crimes including theft of public funds, abuse of office, and money laundering, but Emmanuel Katto managed to evade prosecution, and is know living in London, in the affluent suburb of Regent’s Park, where he formed a new company called the Ferroleum Group, or FGL, that is registered in Hong Kong under his son’s name, Emmanuel Katto Jr., and is thought to operate in a similar vein to Transdanubia. If you want to find out more about James Ibori, make sure you visit the webpage jamesibori2015.wordpress.com.
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