Criminal Court Judge Ousmane Feika has dismissed business tycoon George Kailondo's lawsuit against GTBank for illegally withdrawing US$930,500 from his account. And, that the naming of the corporate officers of the GTBank does not absolve them, because the Indictment seeks to prosecute their employer. According to Feika, the prosecutors had admitted that it is GTBank that was indicted and not its corporate officers, they have named it. Further Feika said, the elements of certainty and specificity as to the role each of the corporate officers named in the Indictment, is completely missing. The document further claimed that on December 12, 2014,the defendants debited Kailondo USD account #001126050020001000 with the amount US$50,000,00.

Source: Daily Observer September 20, 2021 08:03 UTC