Business
MTN sues shipping company Threeways over $4m
Publish Date: Jun 26, 2014
newvision
  • mail
  • img

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.           

 

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
Inflation rises on strong dollar
Consumers should expect to pay more for imported goods and locally manufactured products that use imported raw materials as the dollar continues to mount pressure on the shilling....
Only 23 percent of Ugandans access internet
The permanent secretary in the ministry of ICT Dr. Jimmy Pat Samanya has called for reduction in internet fees to enable more Ugandans benefit from it....
Libyan government injects sh180b to revamp Utl
The Libyan government has injected $56m to revamp Uganda Telecom Limited (Utl) that has been facing serious financial problems, the Libyan Foreign Affairs minister, Mohamed Dayri has revealed....
China eyes more investment opportunities in Uganda
A group of Chinese investors have expressed interest in investing more funds in different sectors which range from agriculture, mining, manufacturing, real estate among others in the country....
UAE Exchange celebrates customer loyalty
Every year, UAE Exchange commemorates its customers, by celebrating Customer Loyalty from 1st to 10th June, 2015. Special discounts, offers, promotions, are conducted giving an opportunity to customers to win exciting prizes....
The future of e-business and its contribution to Uganda
Going forward, business owners in the country albeit not all, ought to review their business s and plug in to e-commerce....
With Eddie Kenzo’s win at the BET awards, is Ugandan music being recognized worldwide?
Yes
No
Can't Say
follow us
subscribe to our news letter