NEWSSilk Events Boss Elvis Sekyanzi Bailed Out By Dad Gordon Wavamunno

Silk Events Boss Elvis Sekyanzi Bailed Out By Dad Gordon Wavamunno

Last month renowned businessman Elvis Sekyanzi was arrested and remanded to Luzira prison to sleep there for 6 months.

Sekyanzi’s arrest stemmed from a breach of the contract he entered with Mash Investments Limited to startup the now-defunct Liquid Silk Bugolobi.

In 2014, Elvis Sekyanzi obtained money worth USD 230,661 which he failed to refund in the specified time, leading to his arrest.

After spending a week behind coolers, his lawyers and friends teamed up, storming court with a bail request.

However, the court turned down the bail application, on grounds that the businessman has to pay at least a quarter of the debt which wasn’t available and hence sending him back at the “university of understanding”

READ ALSO: Silk Events’ Elvis Sekyanzi Wavamunno Arrested Over Failure To Clear His Debts

Elvis Sekyanzi’s father Gordon Wavamuno, later intervened in the matter reaching a conclusion that Mash Investment reduces the money demanded to UGX 400M

The Spear Motors boss paid Mash Investment cash upfront UGX 250 M in exchange for his son’s freedom and vowed to clear the UGX 150 M balance in a three-month period.

Exclusive Admin
Exclusive Admin
Providing You with the latest stories dominating Uganda and East African in the Entertainment and gossip industry.

Similar Articles



Please enter your comment!
Please enter your name here