Banking2026-05-11· Reporter
Defendants in 1.9 billion birr fintech fraud scheme granted bail
Several defendants accused of involvement in an alleged 1.9 billion birr fintech investment fraud were granted bail by the Lideta Division of the Federal High Court. The case is one of the largest fintech-related fraud actions seen since digital finance scaled in Ethiopia.
Read full story on ReporterRelated in Banking
- 2026-05-12 · Addis FortuneEx-CBE Noor corruption case returns to federal court with wider loan claims
- 2026-05-09 · ReporterDraft insurance proclamation would split general and long-term licenses, create new regulator
- 2026-05-04 · ReporterNBE drafts proclamation to spin off insurance regulation to independent authority
- 2026-05-04 · Addis FortuneSiinqee Bank Turns Microfinance Roots into Banking Momentum