Tulihamu Budongo Sacco Limited v Karubanga
Tulihamu Budongo Sacco Limited v Karubanga (Civil Suit No. 29 of 2014) [2022] UGHCCD 101 (2 June 2022)
The court found that the Defendant, while serving in fiduciary positions within the Plaintiff SACCO, withdrew and misappropriated funds and assets without proper authorization or approval, failed to account for the funds, and abused his position for personal gain. The Defendant's explanations and purported accountabilities were unsupported by evidence, and he failed to prove that the expenditures were authorized or benefited the Plaintiff. The Plaintiff discharged its burden of proof regarding the unauthorized withdrawals and advances, while the Defendant failed to rebut the presumption of mi…
Source excerpt
- Breach Of Contract
- Misappropriation Of Funds
- Fiduciary Duties
- Recovery Of Property
- Damages
- Limitation Of Actions