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…Under clause 13 the respondent was required to deposit with the appellant a sum of Shs.75,000/- as security for the performance of his obligations.…

…By 4th February, 1994 the appellant had recovered its debt and the station was returned to him upon his undertaking to pay an additional deposit of Shs.2,255,500/-.…

…The account was opened with a deposit of Kshs 1000/=. Thereafter, and within a space of about 5 months large deposits at short intervals were made.…

…Deposits were made by cheques payable to Income Tax Department. Within the same period large withdrawals were made from the account to the tune of Kshs 10,539,000/=.…