Threeways directors are to take plea over forgeries in the case where the company defrauded MTN Uganda over US$4 million. They include Naphtali Were, Basabosa, Jeff 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 USD 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 USD 330,000 out of the total of USD 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 USD 3,827,820.71.
The case has been adjourned to August 7 and 8 for hearing.
