Bank of Uganda has officially quit the case involving city tycoon Hamis Kiggundu alias Ham and Diamond Trust Bank, in which he accuses the financial institution, together with its parent bank, Diamond Trust Bank Kenya, of illegally withdrawing over Shs128Bn from his company accounts. Bank of Uganda had applied to join the case as Amicus…
Officials of Bank of Uganda and Diamond Trust Bank have landed in trouble after investigators in the Ham Vs Diamond Trust Bank discovered that they allegedly conspired to shield an illegality. It should be noted that on January 27th 2021, the first reading of the Ham Vs DTB case Appeal in which DTB is challenging…
The appellate judges handling the Ham Vs DTB that include: The Deputy Chief Justice Richard Buteera, Justice Kenneth Kakuru and Justice Christopher Izama Madrama have strongly warned and cautioned parties involved to desist from trying to compromise the judiciary. It should be known that Diamond Trust Bank appealed the October 2020 High Court judgement, since…
Business man Hamis Kiggundu of Ham Enterprises Limited has petitioned the Judicial Services Commission (JSC) calling for thorough investigation of Principal Judge, Dr. Flavian Zeija. Ham further wants the commission to investigate Zeija’s interests in the Ham Vs Diamond Trust Bank (DTB) case. On Monday, Dr. Flavian Zeija blocked the payment of Shs120 billion to…
Ham Enterprises Limited with its lawyers Fred Muwema and Arnold Nogan Kimara has responded to Uganda Bankers’ Association press statement released on October 8, 2020 following a Commercial Court head Justice Henry Peter Adonyo ruling that the credit facilities DTB-Kenya offered to Ham Kiggundu are illegal since it is not licenced by Bank of Uganda…
The High Court Commercial Division in Kampala has Wednesday instructed Diamond Trust Bank (DTB) Uganda and Diamond Trust Bank (DTB) Kenya to refund Shs 120 billion for carrying out illegalities on Hamis Kiggundu’s accounts, the CEO of Ham Enterprises. Justice Henry Peter Adonyo in his ruling said that DTB which operates in Uganda and Kenya violated…
The journey to cleaning Uganda’s Banking Industry is one that can only be undertaken by courageous Ugandans as there are some individuals using their institutions/associations to oppose the Banking Reforms being suggested by one of Diamond Trust Bank Uganda’s top client and renowned businessman, the C.E.O of Ham Enterprises (U) Ltd Mr. Hamis Kiggundu. After…
Officials at the Aga Khan’s Diamond Trust Bank (DTB) are headed for deeper trouble and are living in fear after a former manager, who was Bank’s Head of Fraud Prevention and Forensic Investigations, has joined the list of witnesses to pin the Bank in the Shs 120Billion fraud case. The case, which is filed at…
Kenyan Aga Khan Bank DTB is in a state of quagmire as it seems very clear that the bank is buying time to figure out how to pay Ham Enterprises but one thing remains clear that the Kenyan born bank does not have enough money to take care of the 120Bn fraud case. To shade…
City businessman Hamis Kiggundu aka Ham, the proprietor of Ham Enterprises, a conglomerate of companies, is likely to have the last laugh in the multibillion case he is battling with Diamond Trust Bank Uganda (DTBU) and Diamond Trust Bank Kenya (DTBK), in which he accuses the Bank of siphoning over Shs120 Billion from his accounts.…
