Stanbic Bank Freezes Katanga’s $8m

Katanga And Molly

"The bank looked for legitimate counsel, prompting the freezing of the record, which stays distant"

Stanbic Bank has firmed the records of connection( U) Ltd, an association together claimed by withdrew fiscal specialist Henry Katanga and his significant other, Molly Katanga.

The record had further than $8m( Shs 30bn) in real plutocrat stores, as per different authorities who addressed media on state of secretiveness refering to security enterprises.

The fruitful association had in the beyond a decade got huge obtainment contracts with the Service of Guard, earning significant benefits. The slithery agreements included force of grain worth billions of shillings to the UPDF.

Stanbic Bank made a move after Molly Katanga apparently tried to move a large number of bones to strange checks following her significant other's demise.

" In this way, when Molly should be confessed to the clinic, she tried to constrain the bank to deliver the means, meaning to move$ 8M abroad," said a source.

" The bank looked for legal counsel, egging the freezing of the record, which stays delicate to reach."

Molly Katanga, 55, was in January remanded to Luzira Jail by Nakawa Boss Justice Erias Kakooza on charges of killing her better half, Henry.

Court heard that Molly on November 2, 2023 at Mbuya Chwa two road, Nakawa Division Kampala Capital City with noxiousness aforethought killed Henry Katanga by shooting him dead with a gun.

Molly's mates say she's impeccable and a survivor of vituperative geste at home.

Molly was conceded at IHK Clinic with serious head injuries. Half a month after Henry's end, his companion and plutocrat director Barnabas Taremwa requested of Kampala High Court looking for an examination into conditions under which Henry demurred the pail.

Taremwa said the" personality of the person( s) who, on the portentous morning of Thursday, November second 2023, educated Martha Nkwanzi Katanga to go to the bank to pull out cash as her killed father lay dead on his room bottom and who it's that endorsed a check for her in her mama 's supposed sluggish state is of decoration considering she'sco-signatory with her mama on a analogous record- and not to mention, what reason the cash so removed was anticipated to serve are mystifications that are unequipped for being settled without any an examination."

Nkwanzi allegedly pulled out Shs 300m from Stanbic Bank only hours after his pater's demise.

Relatives who did not wish to be cited said the cash was to help the family with managing the mischance as far as clinical costs, legal bills and immurement costs.