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Former Centenary Bank teller convicted in UGX100 million embezzlement, money laundering scheme

KAMPALA, Uganda — A Ugandan court has convicted a former Centenary Bank employee of embezzling more than 100 million Ugandan shillings ($27,400) and laundering the funds through a scheme involving fake foreign exchange transactions. The High Court’s Anti-Corruption Division found Alex Kyambade guilty Thursday on two counts of embezzlement and one count of money laundering. […]

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