Commercial Court Issues Arrest Warrant For Tycoon Wavamuno’s son Sekyanzi Over Choking Debts
By Uganda Online
Kampala: All is not well for city businessman Elvis Sekyanzi Wavamuno, the owner of Liquid Silk Limited and Silk Events after the commercial court issued an arrest warrant for him over failure to pay debts amounting to $230,000 (over Shs830 million) and Shs31 million.
Sekyanzi is the son of tycoon Gordon Wavamuno, the owner of Spear Motors Limited, a sole distributor of Mercedes Benz cars in Uganda.
According to the warrant of arrest notice, the Deputy Chief Registrar told Joseph Yamurebire of T/A Swift Auctioneers & Court Baillifs that Sekyanzi was ordered by the decree in a court case dated 8th February 2021 to pay Mash Investments Limited (Judgment Creditor) the decretal sum of $230,661 and Shs31, 800,000 together with an unspecified amount of money for the cost of executing the process, to bring the said judgment debtor (Sekyanzi) before the Court with all convenient speed.
According to the documents a judgment was issued by Justice David Wangutusi against Sekyanzi and Silk Liquid as defendants in case HCCS No. 225 of 2016 that had been filed by Mash Investments Limited, accusing them of failing to refund USD230,661 and Shs31,800,000.
“You are hereby commanded to arrest the said judgment debtor and unless he pays to you the said sum of $230,661 and Shs31, 800,000 together with shillings…… for the cost of executing this process, to bring the said judgment debtor before the court with all convenient speed,” the Deputy Registrar said on 21 November 2021.
“You are also hereby ordered to return this warrant on or before 24 December 2021 with an endorsement certifying the day in which it has been executed or the reason why it has not been executed. This serves to direct every police officer to ensure that the execution is done as ordered by Court.” the notice adds.