Stanbic staff illegally sold themselves client's properties, court rules
Daily Monitor Monday February 15 2021 Court found that Stanbic employees created a cover to dispose of mortgaged properties to a company in which they are directors. PHOTO/FILE. Summary Court found that a client’s mortgaged properties were sold to a company that had been formed on February 3, 2020 by seven Stanbic employees, three months after the advert for sale was published in November 2019. Advertisement At least seven Stanbic Bank employees illegally transferred mortgaged securities to a company that they had formed three months after the distressed properties had been advertised for...
Source: monitor.co.ug