Business
MTN sues shipping company Threeways over $4m
Publish Date: Jun 26, 2014
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By Hillary Nsambu

Telecom Company MTN has again dragged Threeways Shipping Service to court with fresh charges of defrauding it of $4m in fictitious claims.  

The fresh charges follow MTN’s loss in court of an earlier suit against Threeways regarding the alleged fraud. The loss in court was due to a technicality which court said it could not endorse by hearing the case.

The MTN is also suing two of its former employees it accuses of conniving with Threeways in the said shady deal. The employees are John Paul Basabose and Naphtali Were.

Threeways allegedly made fictitious claims to MTN between March 2009 and April 2012 on over 130 invoices with collusion of the two MTN employees and were paid the colossal sums.

The Commercial Court has since issued notice to Threeways Shipping Services to file its defence within 15 days of the filing of the MTN case. If it fails, the court could decide the case it its absence.

The telecommunications company is seeking to recover the money with compounded interest from 2009 until payment in full plus damages.

In its plaint, MTN has also asked the bank to freeze Threeways’ bank accounts and also order those banks to pay it (MTN) from those accounts.           

 

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