Sh1b fraud case involving former bank employees adjourned until June 8
On Thursday (April 8), Justice David Makumbi adjourned the case until June 8 to allow one of the accused, Michael Kaggwa, who was reported sick, time to recover.
Prosecutors allege that the accused processed the payment without following proper banking procedures, knowing or having reason to believe that their actions were irregular. (File photo)
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The Anti-Corruption Court has deferred the hearing of a case in which former employees of Tropical Bank Limited are accused of irregularly processing a payment of sh1b (one billion Ugandan shillings).
On Thursday (April 8), Justice David Makumbi adjourned the case until June 8 to allow one of the accused, Michael Kaggwa, who was reported sick, time to recover.
Kaggwa and others, some still at large, are facing charges of irregularly processing a payment of sh1b to Nabona Margaret, the administrator of the estate of the late Abdurezzagh Elmrabet.
The other co-accused are Brian Anguni, Aisha Nakyanzi, Sarah Katongole Bayiga, Imran Kakyama, Sadik Hussein, Nabonyene Abdul (also known as Magomu Aziz), Jennah Ntalo, and Zainab.
They were employed in various capacities as: bank sales officer, customer service officer, senior compliance officer, branch operations supervisor, relationship officer, operations branch manager, and chief teller.
Prosecutors allege that the accused processed the payment without following proper banking procedures, knowing or having reason to believe that their actions were irregular.
They argue that the accused, who have since denied the charges, knew that their actions in allegedly transferring and procuring the sh1b would result in financial loss.