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STANBIC BANK FRAUD: How Fraudsters Gained Unauthorized Access to Client’s Account & Stole Shs6.6bn

STANBIC BANK FRAUD: How Fraudsters Gained Unauthorized Access to Client’s Account & Stole Shs6.6bn

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Uganda Police Force (UPF) has revealed details of how fraudsters gained unauthorized access to a company’s account in Stanbic Bank and withdrew about $1.8m (about Shs6.6bn). Working with Stanbic Bank Uganda’s Fraud Department, Police’s Special Investigations Division has been investigating the fraud and has managed to identify those suspected of taking part, some of who have already been arrested.