10 Stanbic Bank Staff Arrested Over Shs150m Pension Scam

Detectives from Kireka Special Investigations Unit have arrested 10 Stanbic bank tellers and branch managers in connection with theft.

According to Police, the arrested have been conniving to steal from the bank clients’ accounts. Beata Chelimo, the SIU Commandant confirmed to Red Pepper the arrest of the bank officials.

“We have so far arrested 10 people and we are still hunting for more” said Chelimo. Chelimo told the Red Pepper that the suspects claimed that pensioners asked for loans and created fake accounts for the fake pensioners only to swindle the money.

The Police boss said over Shs150 million was lost in the racket. Among those arrested include Robert Muhoozi, Mpigi branch manager, Denis Mpanga, Kikuubo branch manager and Central regional services manager.

Reported By Victor Nuwagaba