Posted inCompanies

Forex bureau found guilty of illegal dealings, ordered to refund client’s Shs560 million

The Court of Appeal has found non-operational Lanex Forex Bureau Limited culpable of illegally receiving customer’s money amounting to $160,000 (over Shs560m) as deposit in contravention of banking regulations. A panel of three judges of the Appeal Court; Cheborion Barishaki, Stephen Musota and Christopher Madrama, unanimously ruled that Lanex Forex Bureau Limited received the deposit […]