Roopesh Solanki, the former manager of the defunct Lannex Forex Bureau in Uganda, has been jailed in Luzira for embezzling $148 000. Buganda Road Court Chief Magistrate Margaret Tibulya sentenced Solanki to three years in prison after he was found guilty of mismanagement.

New Vision reports that the Lannex Forex Bureau was closed down in 2005 after more than $583 000 belonging to several customers went missing. The court heard that Solanki, who was in charge of customer funds, failed to remit money sent by several individuals from abroad through telegraphic transfer to their respective banks. The Chief Magistrate, however, acquitted him of charges of causing financial loss, saying the prosecution failed to provide sufficient evidence.
Full report in New Vision