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@kfm Thu, 06 Feb 2025 03:24:33

Bank official convicted in Shs200 million loan fraud

A credit bank official was on Tuesday convicted of aiding a client in fraudulently obtaining a Shs 200 million loan from Cairo Bank. Specioza Nassuna, 43, a resident of Tega Zone in Nabbingo, was found guilty of conspiring with Robert Kisolo, a businessman from Bulamu Village in Nangabo sub-county, to forge documents that enabled him to secure the loan. The forged documents included powers of attorney purportedly signed by Henry Ssemugooma Akalya-Amagwa, Clementina Babirye, and Catherine Namusoke, the lawful administrators of land comprised in block 109, plot 22 in Gwafu, Seeta. Nassuna also included a forged bank valuation and survey report of the land in Kisolo’s loan application file, which was the basis for the Shs 200 million loan. The […]

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