Uganda Bankers’ Association (UBA), an umbrella organization for financial institutions licensed and supervised by Bank of Uganda is to join Diamond Trust Bank (DTB) in appealing against court’s ruling in the loans case against Ham Enterprises Ltd, owned by businessman Hamis Kiggundu. Commercial Court head Justice Henry Peter Adonyo on Wednesday ruled that the credit…
Several bosses in commercial banks in Kampala and other financial institutions are sweating plasma following the October 7th, 2020 ruling by the High Court Commercial Division in a case filed by tycoon Hamis Kiggundu and Diamond Trust Bank, in which caused outlawed syndicate lending. The panic among commercial banks executives arose after High Court justice…
With full knowledge that the bank had carried out illegalities, it decided to call for an independent joint audit in trial to preempt the acts of illegality so as to save their illegality based and questioned defense. We can authoritatively report that Diamond Trust Bank Uganda and Kenya that have been trying to fight a…
For years, many Ugandans have cried foul play by banks especially as regards illegal charges and debits internally done on their accounts without permission. Many of these business people go silent due to lack of capacity to sue these institutions but this is about to change with the recent ongoing case filed at the Commercial…
Prominent Ugandan businessman Hamis Kiggundu has asked the Commercial Division of the High Court to throw out the defense evidence presented by Diamond Trust Bank in a row involving the two parties. The young tycoon through his Ham Enterprises (U) Limited earlier dragged Diamond Trust Bank Uganda and Diamond Trust Bank Kenya to Commercial Court…
Emerging Proof reveals Diamond Trust Bank’s unlawful operations in total defilement of Financial Protection Acts of both Uganda and Kenya amounting to an illegality. In a formal way, the Bank’s operations are directly monitored and supervised by Central Banks of a given nation. This means that the central bank is also in charge of giving…
Guys, if you find Directors and Managers of Diamond Trust Bank (DTB) in hiding, don’t ask why, trouble is looming. A disgruntled client, City Businessman and owner of Ham Enterprises Limited Tycoon Hamis Kiggundu has dragged (DTB) to the Uganda Commercial Court after the bank illegally and fraudulently debited over 100 billion UGX from its…
