The Anti-Corruption Court in Kololo remanded six people on charges of conspiring to defraud Tropical Bank Limited of 2.1 billion shillings.
The money in question is said to have been irregularly paid to a businessman and Law firms in a bogus Land transaction.
The accused persons include; Hajjara Nansubuga, Faridah Nasiiwa , Deborah Acen who are all Staff with Tropical Bank, Lawyers Paul Kiggundu and Kenneth Nsubuga Ssebagayuga plus businessman and also a land broker Muzafaru Lukanika Kamoga.
The group appeared yesterday before the Chief Magistrate Joan Aciro and denied charges of Causing financial loss and Conspiracy to defraud the Bank.
It is alleged that the group and others still at large between 22 July 2021 and 26 July 2022 while at Tropical Bank Kawempe Branch in Kampala City, irregularly processed a payment of 900 million Shillings to Imran Advocates and Solicitors for the purpose of purchasing land in Bulemezi Block 886 plot 2 at Lukono.
It is further alleged that on 30 July 2021, the accused persons irregularly processed a payment of 585 million shillings to Nsubuga KS and Company Advocates for purposes of buying land Block 68 plot 43 in Mityana District.
Then between 14 August 2021 and 9 August 2022, the accused allegedly processed a payment of 642.5 million shillings to businessman Muhammed Kembere. Prosecution contends that all these transactions were done without following the proper Bank procedures and payment processes.
The irregularities caused financial loss to Tropical Bank. The accused are expected to appear again today, Wednesday for a bail application from Luzira prison.
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