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Tag Archives: fraud

Equity Uganda investigates multi-billion shillings suspected fraud

Kampala, Uganda | THE INDEPENDENT | Equity Bank Uganda has launched investigations into cases of fraud surrounding their Stock Loan and Agent Float financing that happened recently. The Stock Loan product is a credit facility meant to support entrepreneurs, small and medium-sized enterprises (SMEs), and large businesses across various sectors with …

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Swiss businessman summoned over Shs19billion land fraud

Hoima, Uganda | THE INDEPENDENT | The High Court sitting in Hoima has summoned a Swiss businessman David Ferdinand Heimhofer and his Ugandan girlfriend Mariam Kajumba to file a defense against accusations of putting an illegal caveat on land belonging to Testimony Motors Uganda. The said land worth 5 million Dollars …

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FRAUD: Court summons head of petroleum in Energy Ministry

Kampala, Uganda | THE INDEPENDENT | The City Hall Magistrates Court has summoned the head of Petroleum in the Ministry of Energy and Mineral Development Spero Byokunda to appear and answer charges related to defrauding a Serbian investor. Byokunda is wanted together with businessman Emmanuel Byamukama to appear in Court …

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REGULATOR: Medical, motor incidents dominate insurance fraud

Kampala, Uganda | THE INDEPENDENT | The Insurance industry is registering increasing cases of fraud with the regulators citing motor vehicle and medical insurance as the most affected. This according to the Uganda Insurance Regulatory Authority is also leading to the high cost of doing business and consequently the cost of …

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Pastor Sirajje sentenced to over two years in prison over fraud

Kampala, Uganda | THE INDEPENDENT | Pastor Sirajje Semanda from the Revival Church in Bombo and Jimmy Arinaitwe, have earned themselves two and half years in prison for fraud. The Buganda Road Chief Magistrate, Gladys Kamasanyu sentenced the dou on Tuesday and also ordered them to pay a fine of Shillings 405 …

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Australian winery uses new technology to combat wine fraud

Canberra Australia | Xinhua | A South Australian winery has started trialing a new technology to combat international wine fraud. Grosset Wines, based in the Clare Valley north of Adelaide, have swapped out their usual bottle caps in Australia and Britain for ones that use Enseal — a product designed by owner …

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