parliament
NEWS

StanChart top bosses face jail as client relationship gone sour goes to court

Buganda Road Chief has summoned top bosses at Standard Chartered Bank over failure to furnish one, Ahmed Noor Osman (applicant) with statements of his loan balance and attaching his property without consent (FILE PHOTO)

KAMPALA – Buganda Road Chief Magistrates Court has summoned three top bosses of Standard Chartered Bank to explain why refused to grant information to their client about his bank account and yet still went ahead to attach his property for sale, claiming he failed to pay the debt.

Albert Salton, Winnie Ojambo and Julius Baluku from Standard Chartered Bank Speke Road Branch are wanted in court on July 5 to answer charges of unauthorised obstruction of the use of computer contrally to Section 16 of the Computer Misuse Act 2011.

“Whereas your attendance is necessary in court to answer charges of unauthorised obstruction of the use of the Computer contrally to section 16 of the Computer Misuse Act 2011, you are hereby commanded by the Uganda government to appear in the Buganda Road Magistrates Court at City Hall on July 5 at 2.30pm or soon thereafter as the case can be heard,” the court summons read in part.

According to court documents filed on June 29, the bank was demanding for $3.8m and another $394,657 in unpaid loan balance from Ahmed Noor Osman of Habib Oil, who has held a dollar account in the bank for 7 years.

The money was accumulated between 2013 and 2016.

Osman in turn requested the bank for financial statements from 2013-2016 to establish the exact loan balance and the interest rate at which the loan was given. He also requested for a proper audit of his account to determine the outstanding loan balance.

However, Osman says whereas he requested the bank for this information on May 28, 2018, it refused to grant it to him and still went ahead to announce that they were attaching his properties on Plot 18 Wampewo Avenue, Plot 109 on Sir Apollo Kaggwa Road and Plots 114-176 on Bunyonyi drive Kiswa in Kampala.

In the suit filed through his lawyers of Muwema & Company Advocates, Osman says he also notified the town clerk at Kampala Capital City Authority about the refusal to grant him the information about his loan balance by the bank.

He now wants the court to declare the move to attach his property illegal and compel the bank to release details on the interest rate at which the loan was computed and given to him.

Meanwhile, Osman through his lawyers of Muwema and Company Advocates has placed a caveat on the properties attached by the bank and warned the public against purchasing them until the dispute with the bank is disposed of.

Comments

iInHouse

All Rights Reserved. THE INFORMATION CONTAINED IN THIS WEBSITE MAY NOT BE PUBLISHED, BROADCAST, RE-WRITTEN OR RE-DISTRIBUTED WITHOUT THE PRIOR WRITTEN AUTHORITY OF THE PUBLISHERS

Copyright@2019: PMLDaily

To Top