Despite having received UGX578.4 billion (USD million) in capitalisation from the government of Uganda, part of which was to be used to settle his indebtedness with Equity Bank, controversial pharma-entrepreneur, Matthias Magoola is yet to repay Equity Bank and Equity Bank Kenya. In a surprising plot twist, he has instead turned around to sue the two banks for a raft of accusations, top of which is a claim that the two banks, irregularly and unlawfully debited and or inflated the loans by UGX 47,652,951,120/= from the accounts of his two firms⏤ Dei Industries International Ltd And Dei Biopharma Ltd (formerly…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
