Tag Archives: Sh725m

One of the suspects charged over an attempted Shs 725 million fraud targeting Stanbic Bank has opened negotiations with the State to resolve the case through a plea bargain. The development was disclosed on Monday before the Buganda Road Chief Magistrate’s Court, where Chief State Attorney Joan Keko told the court that Elizabeth Mbabazi, a Rwandan businesswoman, had formally expressed …

Four people accused of attempting to defraud Stanbic Bank of Shs725 million were on Friday formally charged before the Buganda Road Chief Magistrate’s Court. They face seven counts, including forgery, uttering false documents, personation, attempted theft, and conspiracy to commit a felony. The accused — Joel Mucunguzi, Elizabeth Mbabazi, Faridah Kobusingye, and Flower Njawuzi (also known as Florence, Mega, or …