Stanbic Bank Top bosses sell client's property to themselves 

Macdowel Ltd’s company director Beatrice Odongo is accusing Stanbic Uganda’s senior employees of insider trading allegedly leading to bank staff buying off her property swiftly( in just two months) at UGX 1 billion.

In this episode, we are going to talk about what the Ugandan laws say about 

1.  The legality of bank employees purchasing a mortgagor's property. 

2.  other individuals that can/can not purchase a mortgagor's property provided for under Section 30 of the Mortgage Act.

3. legal penalties for any individual and institution that participate in illegal purchase of the mortgagor's property 

4. The right to discharge provided for under section 14 of the Mortgage Act

5. Section 39(4) of the Mortgage Act -legal penalties for  failure to release the mortgage 

Read this week's blog here- 

 of watch this week's youtube video here

watch other  recommended youtube videos here;

 listen to recommended podcast episodes here

1. How to legally halt a mortgage debt recover process https://anchor.fm/dashboard/episode/ej4joc

2. Family loses 30billion, accuses the bank of fraud. https://anchor.fm/dashboard/episode/ej51hh

Read recommended blogs here 

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