KAMPALA- The Managing Director Ham Enterprises Hamis Kiggundu has given Diamond Trust Bank (DTB) an altimutum of 5 days to recover all the money “taken illegally” from their accounts or face legal action.
In a January 10, 2020 notice, Mr Kiggundu was incensed that DTB “unlawfully, fraudently without instructions recovered monies from their accounts”.
“The monies fraudently withdrawn from our accounts were over, above and in excess with a total excess of 29 billion Ugandan shillings unlawfully debited from our shillings account and 22 million United States Dollars unlawfully debited from our United States Dollar account,” reads the statement in part.
According to Mr Kiggundu, those are unclear debits in their account statement for the ten year banking relationship they had operated the accounts.
He further demanded for full accounts figurative audit, account reconciliation and a detailed explanation of the same and their certificates of tittles be handed to them.
“Failure of which leaves us no choice but to seek redress from the regulator or constitute legal action for remedies against DTB for recovery of those monies,” he said.
In a statement dated November 16, 2019, Ham Enterprises terminated all their contacts with DTB.
The action preceded the latter demanding unknown sums of money from the former.
“This compelled us to carry our an audit of all our accounts in respect to all our previous settled and current facilities with your bank, inclusive of audits of our sister companies that fully settled liabilities,” reads an excerpt.
According to Mr Kiggundu, the actions jn regard to the previous dealings complicated abd frustrated the contract obligations and duties with DTB which all amount to breach of contract.
“We hereby communicate termination of all existing contracts. Therefore as Ham Enterprises (U) LTD is concerned, there is no indebtedness to your bank,” he noted.
