Uganda, March 21 -- BY JULIET KIGONGO

KAMPALA. Five people, among them four employees of Equity Bank in Uganda, have been remanded to Luzira prison on accusations of money laundering regarding the disbursement of Shs62 billion worth of unsecured loans to unqualified persons.

The five suspects were yesterday arraigned before the Anti-Corruption Magistrate's Court on charges of obtaining credit by false pretense, money laundering, and conspiracy to defraud.

They include the head of Agency Banking at Equity Bank, Mr Julius Musiime; Ms Erina Nabisubi, a relationship manager; Mr Fred Semwogerere (banker), Mr Crescent Tumuhimbise Tibarwesereka (relationship officer) and Wycliff Asiimwe, a distribution and marketing consultant with a microfin...