Counterfiet Cash : The information from Post Bank Uganda revealed that Initial investigations point to a collusion of the bank’s custodians of cash at Mbale branch.
Acoording to the Bank’s Management, the latest update is that Uganda Police has arrested the implicated staff, and where there were lapses in oversight of the branch operations, the bank has suspended the responsible staff pending conclusion of the investigation.
“All the steps that we are taking are in line with the bank’s policies and procedures, and the culprits will be brought to book according to the laws of Uganda.” The bank stated, adding that this is an isolated incident, and it assure the public that all transactions are safe.
“Integrity is critical to us, and because you are the reason we exist, we believe it is important to update you on the progress of the ongoing investigation in the most transparent way. We re-assure you of our promise to foster your prosperity at every step of your financial journey.” said the management.
Earlier last this week, PostBank (PBU) confirmed that the bank’s internal control mechanism had discovered counterfeit notes worth Five Hundred Million Uganda Shillings in Mbale branch, and that the matter had been escalated to the Police.
