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[QUOTE="Queen, post: 88379, member: 27"]
A Ugandan mayor's lawsuit against Stanbic Bank got tossed out after the bank returned $73,262.50 it had flagged over alleged M23 rebel ties.

Rulinda fires back at M23 allegations
[LIST]
[*]Entebbe Mayor Fabrice Rulinda denies any rebel connection.
[*]He was a private client when the 2017 transactions happened.
[*]Rulinda calls the whole M23 narrative a smear campaign.
[*]Over $496,000 hit his account from Green Global Corporation.
[/LIST]
Court case and the bank's move
[LIST]
[*]Stanbic reversed $73,262.50 from his flagged transactions.
[*]The High Court tossed Rulinda's suit and awarded costs.
[*]He argues banks cannot unilaterally play judge on funds.
[*]Rulinda says Stanbic should have sought court intervention.
[/LIST]
His stance on banking accountability
[LIST]
[*]Rulinda warns that this sets a dangerous precedent for clients.
[*]Banks acting without oversight invite potential abuse, he says.
[*]An appeal against the High Court ruling is confirmed.
[*]He accuses Stanbic of bankrolling negative media coverage.
[/LIST]
[/QUOTE]

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