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https://www.occrp.org/en/suisse-secrets/ugandan-arms-dealers-credit-suisse-account-stayed-open-for-years-after-helicopter-scandal https://www.occrp.org/en/suiss
by Baldbvrhunter 3y ago
https://www.occrp.org/en/suisse-secrets/ugandan-arms-dealers-credit-suisse-account-stayed-open-for-years-after-helicopter-scandal https://www.occrp.org/en/suisse-secrets/ugandan-arms-dealers...
Credit Suisse kept open an account held by Ugandan arms dealer Emmanuel Katto even after he was publicly named in a judicial investigation as being involved in a corrupt helicopter deal, leaked banking data shows.
Katto’s account at the bank was opened in January 1995, two years before he struck a deal with the Ugandan government to buy combat helicopters from Belarus’s state-owned arms company.
When Ugandan forces tried to field the helicopters, they found them “in a sorry state,” according to a judicial commission report.
That commission, appointed in 2000, found that Katto’s deal, and related expenses, had caused at least $6.8 million in losses for the Ugandan government. Katto was also found to have paid $800,000 in bribes to a top Ugandan official, the president’s brother, as he pushed the deal through.