Threeways directors took plea yesterday at court over forgeries in the case where their company is alleged to have defrauded MTN Uganda over US $4 million. They include Naphtali Were, Jeff Basabosa Bayitya and Oscar Bayitya.
The case arise from the case where MTN Uganda sued the directors of Threeways who agreed to refund the sum of US $4,000,000 which had been wrongfully paid on the fictitious invoices.
The parties agreed that a joint reconciliation should be carried out between them to determine the actual extent of the loss suffered by the plaintiff/ respondent.
On 18th September, 2012 the parties concluded the reconciliation of their accounts and it was discovered that the respondent lost USD 4,027,820.71 on account of the fictitious and/ or fraudulent invoices.
The defendant/applicant paid only US $330,000 out of the total of US $4,027,820.71 and a series of meetings were held to try to resolve the dispute but the applicant deliberately and willfully refused to pay the amounts owed.
On October 28, 2012 MTN Uganda instituted a suit against Threeways for breach of contract between the parties constituted in the Memorandum of Understanding by failing to pay US $3,827,820.71.
The case has been adjourned to August 7 and 8 for hearing
