Bank of Africa v Clive Mutiso & 4 Ors. (HCT-00-CC-CS 152 of 2007)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The court held that the 1st and 2nd defendants were liable for money had and received after a bank draft they deposited proved to be counterfeit. The 1st and 2nd defendants acted fraudulently by making false representations about land ownership to justify the source of funds. The 4th defendant's corporate veil was lifted as it was incorporated to benefit from the fraudulent proceeds. The 5th defendant, an advocate, was found not liable for fraud. Judgment entered for US$389,791.71 with permanent injunction against disposal of the 2nd and 4th defendants' properties.
Outcome
Judgment for plaintiff against 1st and 2nd defendants; permanent injunction against 2nd and 4th defendants; claims against 3rd and 5th defendants dismissed; counter-claim dismissed
Facts
The 1st defendant deposited a US$400,000 bank draft with the plaintiff bank, purportedly issued by HSBC Bank Los Angeles in favour of the 2nd defendant (Centre Hotels Limited, controlled by the 1st defendant). The bank credited the account with recourse and allowed withdrawals of US$385,914.61 against uncleared effects over three weeks. The draft was later dishonoured as counterfeit and the plaintiff's correspondent bank debited the plaintiff's account. The 1st defendant had represented that the 2nd defendant owned land at Kiziba to justify the source of funds, but evidence showed the land was owned by the 3rd defendant company in which the 1st defendant held only minority shares. On the same day the draft was deposited, the 4th defendant company was incorporated, and shortly thereafter purchased land using funds withdrawn from the draft proceeds. A purported lease agreement involved an alleged party, Ian Bailey, who vanished. The 5th defendant, an advocate, had drafted the lease agreement and signed as attorney for the alleged Bailey.
Issues
- Whether the 1st and 2nd defendants are liable for money had and received by them for use of the plaintiff.
- Whether the 1st, 2nd and 5th defendants or any of them acted fraudulently in obtaining money from the plaintiff.
- Whether the 3rd and 4th defendants' veil of incorporation should be lifted to be found liable for the alleged fraud of the 1st defendant.
- Whether the parties are entitled to the remedies sought.
Orders
- Judgment entered for the plaintiff for US$389,791.71 as against the 1st and 2nd defendants jointly and severally.
- A permanent injunction restraining the 2nd and 4th defendants from selling off and/or in any way disposing of their properties for as long as the decretal sum remains unpaid.
- Interest on the decretal sum at the rate of 5% per annum from the date of filing till payment in full.
- Suit against the 3rd defendant dismissed with costs.
- Suit against the 5th defendant dismissed.
- Counter-claim dismissed in its entirety.
- Save for the order for costs in dismissal of suit against 3rd defendant, each party to bear its own costs.
Rules and key headnotes
Legislation cited (1)
Cases cited (8)
- Interfreight Forwarders (U) Ltd v East African Development Bank [1994-95] HCB 54
- Obed Tashobya v DFCU Bank Ltd (HCT-00-CC-CS-742-2004)
- Dr. James Kashugyera Tumwine & Anor v Sr. Willie Magara & Anor (HCCS No. 576 of 2004)
- Kampala Bottlers Ltd v Damanico (U) Ltd (SCCA No. 22/92)
- The Insurance Company of North America v Baerlein and James [1960] EA 993
- Salomon v Salomon [1897] AC 22
- Crane Insurance Company v Shelter (U) Ltd (CACA No. 14/1998)
- Dering v Uris [1964] 2 All ER 660
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.