PART 1: THE $100,000 DEMAND:  How a 107 Billion Shilling Uganda Airlines Transfer to Old Mutual Triggered a Secret Kickback Probe

PART 1: THE $100,000 DEMAND:  How a 107 Billion Shilling Uganda Airlines Transfer to Old Mutual Triggered a Secret Kickback Probe

A high-stakes corporate financial scandal has rocked both Old Mutual Investments Group and national carrier Uganda Airlines after disturbing details emerged surrounding an alleged $100,000 (Shs 370 million) kickback scheme linked to a massive Shs 107 billion ($29.1 million) unit trust transaction.At the center of the controversy are two top executives at Old Mutual Investments Uganda, a senior finance official at Uganda Airlines, and an Independent Financial Adviser (IFA) who blew the whistle when corporate ethics were compromised.

📰 Original Source Attribution

Reported by watchdoguganda.com.

Read Original Report at watchdoguganda.com ↗
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