Court orders Stanbic to pay Shs400m in loan case
Daily Monitor Sunday February 14 2021 Crested Towers that houses the Stanbic Bank head offices in Uganda. Court has condemned Stanbic Bank to pay more than Shs400m to Macdowel Food and Beverages. PHOTO/ NET Advertisement The Commercial Court has condemned Stanbic Bank to pay more than Shs400m after some of its top staff created a sham company that they used to sell to themselves several plots of land belonging to a customer. Justice Richard Wejuli Wabwire, in his ruling on Friday, said he could not turn a blind eye when employees of Stanbic Bank circumvented the law to the disadvantage ...
Source: monitor.co.ug