The Buganda Road Chief Magistrates Court has remanded eight people to Luzira Prison over the alleged theft of Shs6 billion from Finance Trust Bank through electronic fraud.
The group includes businessmen, security analyst, businesswoman, brokers among others.
The group is facing charges of electronic fraud, theft, and conspiracy to commit a felony. All the accused denied the charges
It is alleged that between April 3 and April 8, 2026, the eight people together with others still at large, unlawfully accessed Finance Trust Bank’s core banking system and electronically diverted UGX 6 billion to 53 MTN Mobile Money numbers and 80 Airtel Mobile Money numbers through a coordinated fraudulent scheme.
All the accused persons have since denied the charges.
Prosecution led by Grace Amy informed the court that investigations in this case are still ongoing and efforts are underway to apprehend additional suspects believed to have participated in the alleged fraud.
Report by: Betty Zziwa
