City tycoon Hamis Kiggundu has appealed against the Court of Appeals’ decision to cancel the refund of more than 120 billion shillings to him. Earlier on, the commercial court had ordered Diamond Trust Bank Uganda and Kenya to refund more than 120 billion shillings to Ugandan businessman Hamis Kiggundu. However, this decision was nullified by the court of appeal. The…
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Businessman Ham set to drag his battle with DTB to the Supreme Court
City businessman Hamis Kiggundu has decided to further his multi-billion case against Diamond Trust Bank (DTB) Uganda and Kenya branches to the Supreme Court after the Court of Appeal canceled out the Commercial Court’s decision on Wednesday. Mr Kiggundu announced this decision on Thursday through his lawyers Fred Muwema and Arnold Kimala. “The Court of Appeal did not just refuse…
Read MoreThe Battle Continues as court trashed ruling in Hamis Kiggundu Vs DTB case
The battle is far from over as the Court of Appeal has of today nullified a ruling that was earlier on made in regards to the Hamis Kiggundu, Diamond Trust Bank (DTB) case last year. According to the ruling by Justice Henry Peter Adonyo last October, the bank had violated the Financial Act of 2003 resulting in his judgment that…
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