The Anti-Corruption Court in Kampala has remanded four employees of Equity Bank on charges of conspiring to defraud the bank 62 billion shillings.
They are: Julius Musiimenta the Head Agency Banking , Erina Nabisubi the Relationship Manager Telecom, Fred Semwogerere a Banker and Crescent Tumuhimbise Tibarwesereka the Relationship Officer.
The group is charged alongside Wyclif Asiimwe a Distribution and Marketing Consultant.
They appeared before Grade One Magistrate Abert Asiimwe who has read to them five counts including money laundering, obtaining credit by false pretense and conspiracy to defraud.
The magistrate did not allow them to plead to the charges because they are triable by High Court.
He however advised the suspects to apply for bail there if they so wish.
It is alleged that accused persons between 2021 and 2024 in different places in Kampala and Wakiso Districts conspired together to defraud Equity Bank of 62 billion shillings by fraudulently causing the disbursement of unsecured loans to unqualified people.
According to the charge sheet, between 2021 and 2024 at Equity Bank Church House in Kampala City, Nabisubi being employed as the Relationship Manager Telecom incurred a debt of 6.55 billion shillings from the Bank falsely pretending that the loans were being applied for by Gladys Najjemba who she fronted as having fulfilled the bank requirements for accessing the loans whereas not.
It is also alleged that Nabisubi intentionally impeded the establishment of the true ownership of 6.5 billion which she fraudulently obtained from the Bank in name of Najjemba purporting it was applied for as a loan yet it was a proceed of crime.
The Prosecution further accuses Nabisubi of having incurred a debt of 300 million shillings and fronted a one Latiffa Nagawa as the person who had fulfilled the requirements to secure that loan which was not true.
On the other hand, Julius Musiime is accused of having intentionally concealed the true ownership of 18 million shillings which he allegedly received as a gratification from Stella Mutuuza for having processed a loan of 700 million shillings by requiring her to deposit the said gratification on the account number belonging to Gilbert Rwaheru Kiiza , well knowing those deposits were a proceed of crime.
The accused persons have been remanded 12 April 2024.
