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Fraud

100 billion Fraud ‘collapses’ terrorism-linked Diamond Trust Bank in Uganda

Sources from Uganda have sounded a death-knell on Diamond Trust Bank (DTB) over a Sh3 billion fraud.

DTB is accused of illegally withdrawing huge chunks of monies from accounts belonging to Ham Enterprises.

“The most recent scandal that is threatening the bank’s existence is a case in court in which the bank is accused of illegally withdrawing 100bn from a several accounts belonging to Ham Enterprises. The money was withdrawn over a period of time without the customers consent. This had led to a legal battle, one that had led to scrutiny of the all the bank’s activities”, Uganda Times reports

It is reported that Ham Enterprises is not the only customer whose money has illegally been withdrawn.

In 2017, Francis and Stella Nekuusa took DTB to court over withdrawals amounting to UGX10 billion (Sh300 million). The bank, charged under suit no.784/2016 after committing the crime tried to take the couple’s properties.

Gen Charles Angina also filed a case (suit no. 76/2018) in court after the bank took advantage of his busy schedule and committed a series of frauds on his accounts which included transferring his properties to third parties on allegations that he had defaulted and he lost UGX 1,800,000,000 (Sh53 million)

Another customer named Yiga Musa (suit no.254/2017) filed a suit against the bank in 2016 after the bank took advantage of him not understanding and reading the English language. The bank made him sign many documents, including mortgages deeds with an intention of creating an illegal mortgage and making him a debtor and defrauded him of UGX 3, 500,000, 000 (Sh103 million)

Fraud in Kenya

The Bank’s fraudulent cases in Kenya speaks for itself. It is huge.

February 2019

Hello Cyprian!

In an alarming trend of Kenyan banks robbing hardworking Kenyans, Aga khan owned bank DTB , Diamond plaza branch seems to have joined the bandwagon.

Instructions were sent to Australia to wire money to Nairobi to a dollar account.

The dollar account was instead bypassed without reference to the client and someone in Operations at DTB head office decided to screw around with client’s money by deciding to divert the 3,000$ intended for medical assistance from the intended dollar account to the client’s Kenya shilling account at a thieving exchange rate WITHOUT INSTRUCTIONS FROM THE CLIENT.

If it is not supporting terrorists with hiding transactions they OUGHT to report… they are terrorizing Kenyans by unilaterally deciding where to steal client’s money.

Please highlight my case of this corruption in the Aga Khan-owned bank because we cannot allow DTB to get away with theft unscathed!! #ifike Karim Khan mwenywe!!

Another DTB client in Kitale lost Sh1.4 million through  7 withdraws that were done without his signature. READ more on this below:

Man That Lost Millions Through Diamond Trust Bank Insider Fraud To Sue The Terrorism-Linked Bank

In 2018, A South Korean investor sued DTB (Kenya) for liquidating and withdrawing KSh150 million in two fixed deposit accounts without her approval using forged documents.

The investor, Sun Pil Lim, who is the wife of the President of Safari Park Hotel and Casino, Young K Roh, filed two cases against Diamond Trust Bank Kenya Limited, demanding her money back.

In the first case, Sun who is the chairperson of Daehan Pharmaceutical Limited, lodged a case at the High Court’s Commercial and Admiralty Division on September 14, seeking to recover the KSh100 million it had put in a fixed deposit.

His company was supposed to import drugs and other medical devices from Korea and sell them in the country.

After incorporation, the company opened an account with DTB, Thika Road Mall branch, on May 19, 2015 and wired KSh100 million on October 24, 2015, with instructions that the money be put in a fixed deposit account after being promised an interest of 16 per cent.

On October 28, 2015, the bank issued three certificates of deposits for the cash, which had been deposited in tranches of KSh40 million and two others of KSh30 million each.

His money vanished from the account through illegal withdrawal.

Bank of Uganda considers shutting DTB down

Bank of Uganda Governor Emmanuel Mutebile once hinted that two banks in Uganda were on close watch.

“DTB is said to have been top on the list. With the ongoing scandals, BOU is said to be reviewing is its position to take over the bank or shut it down.”

Rogue Diamond Trust Bank Yet To Refund Customer Millions Stolen Through Coordinated Insider Fraud


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