Browsing: Diamond Trust Bank

New Twist: Uganda Bankers Association Joins DTB To Appeal Court’s Ruling In Favour Of Ham Enterprises

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…

Commercial Banks In Panic After Court Outlaws Syndicate Lending In Landmark Ham Vs DTB Case

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…

DTB’s Troubles Escalate As Bank’s CEO and MD Are To Be Subpoenaed In Ugandan Court As Key Witnesses In The Shs 120Bn Fraud Case

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…

New Twist: Ham Enterprises Set to Crush DTB In Court Over 120Bn Fraud Case & Illegalities By The Bank

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…

Trouble As Tycoon Hamis Kiggundu Drags Diamond Trust Bank To Court For Stealing Over Shs 100bn From Account

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…