Judge transferred over DTB 6bn Forgery Verdict
A judge has been transferred over DTB sh6bn forgery verdict. Diamond Trust Bank has been all over the news lately over dubious transactions.
The transactions range from clearing fake gold deals to stealing customers’ funds. According to sources in the banking fraternity, terrible things are happening at DTB.
The financial institution whose majority shareholders is the highly regarded international businessman and Ismalia Patriarch, Prince Aga Khan, is now a clearing house for dubious deals!
Point of fact, justice David Wangutusi in the case of former Deputy Chief of Defense Forces, Gen Charles Angina, remarked that DTB isn’t fit to hold customers funds and valuable securities.
This was after Wash and Wills Hotel owner, Joseph Ariong connived with the bank to secretly sell off the general’s property.
Angina had fully cleared the debt, but Ariong who introduced him to the bank and was managing his debt portfolio, connived with the bank to sell off the property.
The bank claimed how Ariong had cleared loans for Angina and so handed him the title, which he altered.
Upon altering the title, Ariong convinced the Forest Mall owner, MP Stanley Isiagi to buy the title.
When Angina sued DTB, Ariong and Isiagi, Ariong knew his and DTB’s gooses were cooked. The terrified Ariong along with the bank moved quickly and compensated Isiagi with land at Mabombwe along Masaka road.
Then, Ariong and Isiagi offered to return the title to Angina but asked the soldier to make an agreement that he had purchased the title from Isiagi.
The intention was of course to use Angina to clear the fraud. The soldier saw through the foul play and rejected what the duo were proposing.
He insisted on a full court trial which ended with justice Wangutusi awarding him sh400m, damages as well as costs of the suit.
As fate would have it, Wangutusi now finds himself in the trap of DTB!
The judge stands accused of clearing a forged consent judgement giving DTB green light to deceptively sell off a customer’s steel rolling factory.
Wangutusi has since been transferred over the scandal from the commercial section of the High Court to the
Kololo based High Court, criminal division.
Principal Judge Yorokamu Bamwine as he was then, intervened in the scandal and the false consent was cancelled.
A couple, Frank Nekuusa and Stella raised the red flag upon DTB directing them to vacate the factory at Nakulongo in order to auction it.
The Nekuusas bought the factory in an auction after the Sembule family failed to clear bank loans. The DTB lawyers were using the false verdict as a justification for selling off the factory. The verdict claimed how the Nekuusas had consented to sell off the property, which wasn’t true.
The judge had summoned the proprietors of the factory to sign off the prepared verdict, but they refused. DTB’s lawyers of MMAKS got an opportunity to sign it alone under the guise the Nekuusas had deliberately kept away, yet they had agreed to it.
We shall return with the story of how DTB deceptively extracted money out of the Nekuusas’ accounts and kept banking funny money on their accounts before claiming the couple asked for the money themselves.