By Editorial,
The Anti-Corruption Court in Kampala has remanded five employees of Equity Bank on charges of conspiring to defraud the bank of 62 billion shillings.
They are Julius Musiimenta the Head Agency Banking, Erina Nabisubi the Relationship Manager Telecoms, Fred Semwogerere a Banker, Crescent Tumuhimbise Tibarwesereka, a Relationship Officer and Wyclif Asiimwe a Distribution and Marketing Consultant.
These have appeared before the Court presided over by Acting Senior Principal Grade One Magistrate Abert Asiimwe who has read to them five counts including money laundering, Obtaining credit by false pretense and conspiracy to defraud.
The Court has heard that the accused persons between the year 2021 and 2024 in different places in Kampala and Wakiso Districts conspired together to defraud Equity Bank of 62 billion shillings by fraudulently causing the disbursement of unsecured loans to unqualified people.
He has now remanded them to Luzira Prison up to April 12th 2024. END.
