Sunday, May 28Elite News ---- For Adverts or Story call: 0788166280 | 0705145487-----
Shadow

Tag: Diamond Trust Bank

High court halts Payment of sh120b to Ham Enterprises by DTB.

High court halts Payment of sh120b to Ham Enterprises by DTB.

Business, FEATURED, Latest News
The commercial division of the Hight court has halted the execution of the orders issued by the head of Commercial court justice Henry Peter Adonyo in a case involving businessman Hamis Kiggundu, Diamond Trust Bank (DTB)-Uganda and DTB-Kenya.    Principal judge, Dr Flavian Zeija issued the interim orders on Tuesday in the presence of the bank's lawyer Kiryowa Kiwanuka and Usama Sebuufu. Kiggundu’s lawyer who has since been served wasn’t present in the court. "An interim order for stay of execution of the decree in high court civil suit number 43 of 2020 and MA number 654 of 2020 doth issue pending the determination of the main application for stay of execution", reads the order in part. According to the order, the costs of the suit will be determined in the main app...
Scandal: Diamond Trust Bank Cited In Shs100Bn Fraud, Depositors Fear For their Money

Scandal: Diamond Trust Bank Cited In Shs100Bn Fraud, Depositors Fear For their Money

NEWS
By Elite Reporter Popular commercial bank Diamond Trust Bank (DTB) is embroiled in a number of scandals that risk sparking off a crisis in Uganda's financial sector. The banking sector is supposed to be the backbone of the financial sector and the economy at large but it seems commercial banks often times operate in a way that is detrimental to the development of the country. This leaves Bank of Uganda, the regulator of commercial banks, with a tough job to do; not only to ensure that the financial sector is run well but also to protect depositors' money. Sometimes commercial banks are too smart in their fraudulent operations to be detected by the Central Bank, when defrauding unsuspecting customers by deducting varying amounts of cash from customers’ accounts. Information ...
WP2Social Auto Publish Powered By : XYZScripts.com