{UAH} JUST IN: Court issues interim order to stay execution of decree against DTB Uganda and DTB Kenya

Businessman Ham Kiggundu's celebrations have dealt a blow as Court on Tuesday issued an interim order for stay of execution of the decree in High Court Suit No.43/2020 and Miscellaneous Application No.654 of 2020, pending the determination of the main case where Kiggundu and his companies Ham Enterprises Limited and Kiggs International Uganda Limited sued Diamond Trust Bank Uganda and Diamond Trust Bank Kenya for allegedly deducting Shs120 billion from his account bank account without his knowledge.

The Principal Judge, Justice Dr. Flavian Zeija delivered the interim order on Wednesday in the presence of M/S K & K Advocates, the lawyers for Diamond Trust Bank Uganda and Diamond Trust Bank Kenya, even though Kiggundu's lawyers didn't attend the reading of the interim order, much as they were served.

The latest development shames Kiggundu and his lawyers who were last Wednesday favoured by Judge Henry Peter Adonyo who ruled that it was illegal for Diamond Trust Bank Uganda and Diamond Trust Bank Kenya to arrange a syndicated loan to Ham Enterprises, saying that it contravened the Financial Institutions Act, 2004.

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"When a man is stung by a bee, he doesn't set off to destroy all beehives"

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