Magoola’s Shs 723bn venture faces fresh storm as bank moves to sell his properties
A 20-acre industrial establishment in Matugga, an operational wheat milling plant in Luzira, a hospital in Kitende and several commercial and residential properties belonging to businessman Dr Mathias Magoola and companies associated with him are facing sale over unpaid bank loans. The proposed disposal has brought renewed attention to the
Inside Shs147.7b Dei Industries loan dispute
The Court of Appeal has halted proceedings in a Shs147.7 billion loan dispute involving pharmaceutical companies Dei Industries International Ltd and Dei Biopharma Ltd and their director, Dr Mathias Magoola, pending determination of an intended appeal challenging an audit report on their alleged indebtedness. Justice Florence Nakachwa, sitting as a
