LAND CASE NO 223 2022
The Second Plaintiff did not apply for or receive subsequent loans beyond the initial TZS 250,000,000 facility; the First Plaintiff only guaranteed the initial loan. Subsequent loans and guarantees were orchestrated by the Third Defendant, who is liable for the outstanding debt. No fraud was proven against the Second Plaintiff or First Plaintiff. The First Defendant must discharge the mortgage and return the title deed to the First Plaintiff. Damages are denied due to lack of evidence of loss or suffering.
Source excerpt
- Loan agreements
- Mortgage
- Guarantee
- Fraudulent transactions
- Counterclaim
- Damages