Farmers' SACCO leaders charged with embezzling sh130m

Kamugisha was granted a cash bail of sh6 million by Anti-Corruption Court Grade One Magistrate Esther Asiimwe.

Prosecution alleges that on July 4, 2017, as general manager, he embezzled funds which he received on the Nyakyera account.

By: NewVision Reporter, Journalists @NewVision

__________________

The chairperson and other leaders of a farmers saving group in Ntungamo district have been charged with embezzlement of sh130.8 million from the SACCO.

The accused

Tags:

Court

Business

Francis Kamugisha

Corruption

Embezzlement

Nyakyera Farmers’ Co-operative Savings and Credit Society Limited

Fraud

Farmers' SACCO leaders charged with embezzling sh130m

Kamugisha was granted a cash bail of sh6 million by Anti-Corruption Court Grade One Magistrate Esther Asiimwe.

Prosecution alleges that on July 4, 2017, as general manager, he embezzled funds which he received on the Nyakyera account.

Tags:

Related Stories

UBL, Uganda Red Cross unveil 5-year partnership to drive road safety

Umeme drives UETCL into sh293b loss

JSC Conversations: Expert explains how unit trust funds build wealth

Ministry of ICT signs partnership to boost youth skills, smart agriculture

Cashless Fintech project management model extended to refugee settlements

Uganda eyes higher coffee earnings through value addition at Melbourne expo