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@theScribeUganda Tue, 09 Jun 2026 13:44:36

Africa Polysack Dismisses Involvement in Illegal Payroll Lending Scheme

Africa Polysack Industries Limited has strongly dismissed allegations linking the company to an alleged unlawful payroll-based money lending scheme involving its employees. According to the management, clarification on the matter was issued a month ago. However, individuals allegedly intent on tarnishing the company's reputation have continued to circulate false information. Management warns that failure to retract the claims and issue a public apology may result in legal action. In a formal response dated April 20, 2026, addressed to several government and regulatory bodies, including the Executive Director of Bank of Uganda, the Inspector General of Police, the Ministry

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