Housing Finance Bank Dragged to Court.
By Keefa Nuwahereza
Housing Finance Bank was dragged to court over fraudulent sale of city property at 8billion rather than 30billion at the current market value.
A
city businesswoman and widow has dragged Housing Finance Bank to court over
fraudulent sale of her property at Kyadondo Road Nakasero in Kamapala.
Ida
May Kwesiga who owns Mayflower Apartments sitting on an acre of land at Nakasero
has ran to land division of the high court in Kampala to sue Housing Finance Bank
together with Balaji Group East Africa limited.
The
businesswoman says she entered into an agreement with bank in 2013 to develop
her property by erecting the apartments and the bank approved a loan of $2.7m
to her, which was to be paid back in 10 years.
According
to court documents, the loan fac...