Supreme Court hammers Ham in multi-billion dispute with Diamond Trust Bank With the Supreme Court declaring that syndicated lending is legitimate and enforceable, Hamis Kiggundu’s major escape route has been decisively blocked. The case has now been remitted to the High Court to determine not if the businessman owes the DTB-U and DTB-K, but how much he owes the two banks. At the centre of this, will be a court-sanctioned audit that Kiggundu has been avoiding, to determine the depth of his indebtedness as well as prove the businessman’s claims (wild as they are) that the banks illegally deducted UGX120 billion from his accounts.

Businessman Hamis Kiggundu's attempts to evade responsibility have been cut short by the Supreme Court.