The Bank of Uganda has withdrawn from the case in which Diamond Trust Bank (DTB) seeks to overturn a high court ruling, which faulted Diamond Trust Bank-Uganda for collecting debts on behalf of its parent company DTB-Kenya.The judgement stemmed from a case filed by Ham Kiggundu, and his two companies Ham Enterprise Limited and Kiggs International (U) Limited against DTB -Uganda, and DTB-Kenya, in March last year, accusing them of fraudulently siphoning more than UGX120 billion from his accounts without his knowledge and consent. Kiggundu said that between February 2011 and August 2018, he was offered credit facilities by the banks…
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