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Home » Blog » Court remands 4 over attempted withdrawal of Shs725m from Stanbic
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Court remands 4 over attempted withdrawal of Shs725m from Stanbic

Our Reporter
Last updated: March 10, 2026 7:40 pm
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The Buganda Road Chief Magistrate’s Court has further remanded four suspects accused of attempting to illegally withdraw more than Shs725 million from a bank account.

Prosecution alleges that the suspects targeted an account belonging to Enid Kukunda held at Stanbic Bank Uganda.

Court heard that on October 3, 2025, the accused allegedly attempted to withdraw the money after presenting documents believed to have been forged in order to falsely identify themselves as authorised to access the account.

According to prosecutors, the group prepared fraudulent paperwork intended to facilitate the withdrawal of the funds.

However, the attempted transaction failed after bank officials reportedly detected inconsistencies in the documents and declined to process the withdrawal. The incident was later reported to security authorities, leading to the arrest and prosecution of the suspects.

During the latest court session, prosecutors informed the court that a plea bargain arrangement had been prepared for one of the accused persons who reportedly admitted to the offence.

Despite the prosecution’s readiness to proceed, the court did not take up the plea bargain during the session.

The magistrate adjourned the case to March 19, with the suspects remaining on remand as investigations and court proceedings continue.

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