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KCB Bank Properties Attached after Defrauding Client shs 400m in Fake House Sale

The High court of Uganda under execution division sitting in Kampala has order for the attachments of KCB bank Uganda Ltd properties over failing to pay money worth shs 400M which they are being demanded by a city businessman.
According to the warrant of attachment vide EMA No 2717 of 2018 arising from HCCs No 103 of 2014 seen and obtained by this website city businessman Sam Wabasa is ordered and commanded to attach the moveable property of the said judgment debtor (KCB Bank Uganda Ltd).

Warrant of attachment.

“ As set forth in schedule on the reverse hereof and which shall be pointed out to you by the defendant or his agent or advocates unless the said judgment pays you the said sum of shs 400M as aforesaid and your fees for attachment to sell by public auction”
According to our sources ,city businessman Wabasa paid money worth shs 400M to buy a house which was advertised by the same bank in papers adding that after paying money into their bank, they refused to give him his house until he dragged them to court.

Court bailiffs picking the first generator at KCB Bank head office. In purple shirt is KCB head of security looking helpless

The house in contention is located in Kyadondo on block 244 plot 2148 at Kisugu in Kabalagala a Kampala suburb.
After KCB Bank failed to pay back Wabasa his money and also refused to give him his house which he had paid for he went dragged the bank to high court Kampala in the execution division   last year.
Hearing of the case commenced and court passed a judgment in favor of Wabasa on 27th/ day/ March 2018.
The judgment was passed before his lordship Hon David Wangutusi and in the presence the plaintiff and his lawyer Mr Patrick Aunga and in the presence of the defendant’s counsel one Ms Owomugisha Immaculate.
“It’s hereby ordered that the defendant refunds shs 400M as the sum paid by the plaintiff for the purchase of the property comprised in Kyadondo block 244 plot 2148 at Kisugu and that the suit be set for down for determination of the remainder of the plaintiff to claim for his damages, interests and costs”.

Court judgment which was issued by Hon Justice David Wangutusi on 27th March 2018 ordering KCB Bank to refund city businessman Sam Wabasa.

However the KCB Bank undermined the high court order to refund Wabasa’s money until he went back to the same court and filed for attachment of the bank’s properties to get back his money something that court Okayed and issued a warrant of attachment.

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