5 Equity Bank Uganda employees, including head of Agency Banking, remanded in Luzira prison for money laundering and $16.8m unsecured loans to unqualified individuals.
5 senior Equity Bank employees in Uganda, including the head of Agency Banking, are remanded in Luzira prison over allegations of money laundering and disbursing $16.8m in unsecured loans to unqualified individuals. The suspects were charged with money laundering, obtaining credit by false pretence, and conspiracy to defraud. The case is ongoing, with the investigation stretching from 2021 to 2024.
March 21, 2024
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