We are committed to due process, Stanbic breaks silence on mortgaged property sale scandal
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.
Stanbic has finally broken its silence on a case under investigation where seven of its executives are accused of conniving and cheaply selling to themselves a mortgaged property.
In a 28th September press statement by management, the bank acknowledges a criminal complaint against some of its employees. “A criminal complaint against some of our employees arising from a property foreclosure pr
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