Seruwagi v Magara & 14 Others
Seruwagi v Magara & 14 Others (MISCELLANEOUS APPLICATION 311 OF 2019) [2020] UGHCCD 198 (18 September 2020)
The applicant failed to demonstrate that he was an aggrieved person in the legal sense, as he was present at most hearings and aware of the proceedings. The court found that the applicant's affiliation with the D9 Club, a Ponzi scheme, justified the freezing and transfer of his bank account funds for compensation of victims. The applicant did not provide sufficient cause for review, as he did not challenge the freezing of his accounts, report to police, or present new evidence. The contention of being condemned unheard was not sustained, as the applicant had opportunities to be heard and was…
Source excerpt
- Review Of Judgment
- Ponzi Scheme Liability
- Freezing Of Bank Accounts
- Compensation Of Victims
- Lifting Corporate Veil