Sh828m gold scam: Stanbic Bank speaks out

“The bank undertook a comprehensive review of the said transactions and documentation that you provided and can now report as follows; The receipts and cheque leaves that were purported to be from Stanbic Bank Uganda were forgeries, not issued by Stanbic Bank; while you are advised that the funds related to gold transaction, bank records show the 11 transferrers as ‘money to family’ and two were described as goods and services,” Nkamwesiga said.

Suspect: Geoffrey Mutabaali