IRRESPONSIBLE LENDING AND INSIDER TRADING: Stanbic Bank senior executives accused of cheaply selling to themselves client’s property
The accused executives and directors of Myriad Investments (clockwise from top): Kenneth Kitungulu, Executive and Head, Global Markets; Maureen Kembabazi Katwebaze, Head,Retail & Digital Sales,Global Markets; Daisy Nitwe, Corporate - Treasury Sales Dealer, Emmanuel Rukeeba, Head Products and Analytics; Allan Muhinda - Interest Rates Dealer and Thaib Lubega, Treasury Manager, Uganda Development Bank.
A client of Stanbic Bank Limited, Macdowel Limited, has asked police to investigate circumstances under which seven senior executives of Stanbic Bank Uganda, sold to themselves a mortgaged property on the cheap.
Beatrice Odongo, a director of Macdowel, in a 23rd September 2020 letter to the Special Investigations Division of the Criminal Investigations Directorate, has asked police to investig