Ham’s bank accounts have been frozen, rushes to media for refuge

Hamis Kiggundu’s bank accounts have been frozen. According to documents seen by The Drone Media, sh 29 billions and $22 millions on Diamond Trust Bank (DTB) accounts, have been held for security reasons as regarding to financial regulations.

Under the Financial Institutions Act 2004, financial institutions must complete the suspicious transaction report (STR) Form and submit to the authorities responsible.

Suspicious transaction refers to any transaction (including attempted or proposed), regardless of the amount that:

1. appears unusual;
2. has no clear economic purpose;
3. appears illegal;
4. does not commensurate with the customer’s profile or business activities;
5. involves proceeds from an unlawful activity; or
6. (vi) indicates that the customer is involved in money laundering or terrorism financing activities.

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Surprisingly, this is what Hamis Kiggundu omitted or intentionally tries to avoid and, instead, chose public sympathy. This is the reason he posted the letters he served DTB. According to experts who The Drone Media, talked to, Kiggundu is blackmailing the bank to get away with suspicious transactions.

According to the documents, Ham Enterprises intends to sue DTB over fraud. The Managing Director Ham Enterprises, Hamis Kiggundu, according to the documents; has given Diamond Trust Bank (DTB) an ultimatum of 5 days to recover all the money “taken illegally” from his accounts or face legal action.

Kiggundu alleges that in a January 10, 2020 notice, he was incensed that DTB “unlawfully, fraudulently, without instructions; recovered monies from his accounts”.

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“The monies fraudulently withdrawn from our accounts were over, above and in excess with a total excess of sh 29 billion unlawfully debited from our shillings account and 22 millions United States Dollars unlawfully debited from our United States Dollar account,” reads the letter in part.