Just In: Court Orders Diamond Trust Bank to pay Ham Enterprises 120Billion, Legal Fees and 9.6Billion Interest after losing Multi -Billion Fraud Case.

High Court Judge Henry Peter Adonyo has today ordered Diamond Trust Bank to pay Ham Enterprises Ugx120 Billion ($33 Million) illegally debited from the company’s accounts with an 8% interest rate (Ugx 9.6 Billion) as penalty for illegalities carried out on Ham Enterprises Accounts, return all titles previously secured by the bank and release all the personal guarantees. This ruling is a true genesis of Uganda’s journey to true economic independence. KAMPALA|UGANDA: DTB Uganda and DTB Kenya have been ordered to pay Ugx 120Billion and an additional interest of 8% (9.6Billion) to Ham Enterprises after losing the fraud case. In … Continue reading Just In: Court Orders Diamond Trust Bank to pay Ham Enterprises 120Billion, Legal Fees and 9.6Billion Interest after losing Multi -Billion Fraud Case.