UGANDA, Kampala | Real Muloodi News | Fred Wadda, a prominent figure in the business community, has confessed to charges of tax fraud amounting to USh510 million. Appearing before the Nakasero-based Anti-Corruption Court on February 14, 2024, Wadda pleaded guilty to making false statements related to tax filings involving Dansem Construction Limited, a company he directs.
Presided over by Grade Magistrate Christopher Opit, the court accepted Wadda’s plea, resulting in a fine of USh12.9 million and a default sentence of two years imprisonment if the fine remains unpaid.
The case, prosecuted by Uganda Revenue Authority (URA) legal officer Stuart Aheebwa, revealed that Wadda’s actions on September 4, 2023, led to a loss of USh9.8 million to the tax body.
According to the prosecution, Wadda submitted fraudulent tax returns to URA, falsely declaring that Dansem Construction Limited had purchased goods worth USh510 million from Grace Nakito and associated agents.
The court heard that these actions occurred in Kampala City. As part of the plea bargain, Wadda has already paid USh9.8 million in addition to the fine imposed by the court.
Accompanied by his legal representative, Harold Turikye, Wadda waived his rights regarding the charges, seeking leniency from the court.
Turikye emphasised Wadda’s status as a first-time offender, urging the court to consider his client’s potential for rehabilitation.
Magistrate Opit acknowledged Wadda’s voluntary admission of guilt, affirming that the accused had knowingly waived his constitutional rights.
“In reviewing this form and questioning the accused concerning the accused’s constitutional rights, this court finds that the accused has expressly, knowingly, understandably, and intelligently waived and given up his right. This court finds that the accused’s plea is freely and voluntarily made,” stated Magistrate Opit.
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