ChimpReports·3 min read·medium
DEI Pharmacy Loses Round One in Shs242bn Equity Bank Loan Battle
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Jackie Namatovu
✦AI Summary
The Kampala High Court dismissed a lawsuit by DEI Industries against Equity Bank regarding a Shs242 billion loan dispute. The court rejected claims that the audit process overseen by the Institute of Certified Public Accountants of Uganda was compromised.
Kampala High Court has dismissed an application by businessman Matthias Magoola and his companies seeking to remove the accountants’ professional body from an audit process in their roughly Shs242 billion loan dispute with Equity Bank.
businesseconomy
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