In one of the meetings where the agenda was to strategise on how to save the business empire of the late Peter Kamya, the proprietor of Simbamanyo Estate limited, one of his friends, who is also a seasoned commercial lawyer proposed a multibillion Electoral Commission deal which he was very sure would save the fallen tycoon’s empire.
Multiple credible sources have revealed to the mighty Grapevine that this happened in 2018 when Equity bank had started threatening to auction Kamya’s properties which he used as security when securing a loan.
The buildings were Ssimbamanyo House behind Central Police Station in Kampala city and Afrique Suites situated in Mutungo.
Kamya, who is a brother-in-law to former deputy Prime Minister Muganwa Kajura allowed one of his senior lawyers to negotiate the deal which involved looking for a new home for the Electoral Commission.
“The lawyer’s idea was for Kamya to rent the entire building to the Electoral Commission and the money collected as rent be used to service the loan which the bank was very comfortable with but out of the blue, when the deal was almost concluded, the old man changed his mind claiming that his friend was working with the bank to impoverish him and that’s how the deal flopped,” a source said.
He added that the deal was waiting for the greenlight from president Yoweri Kaguta Museveni, who was a good friend to Kamya.
The source added that even the Ministry of Gender was ready to shift to another building.
Another source said that the Electoral Commission was giving Kamya a big deal compared to what he was receiving from the Ministry of Gender and within 3 to 4 years, the bank’s loan would be fully paid.
The source said that Kamya changed his mind after getting another opinion from another shrewd young city lawyer who convinced him that the loan he got from Equity bank was not favourable and it can be challenged in Court.
Sources said that when the bank learnt about Kamya’s plan to challenge them in court, they hastily auctioned both securities to controversial city businessman Sudhir Ruperelia’s Meera Investments Limited and Ronald Luwangula’s Luwaluwa Investments Limited, a move that frustrated Kamya’s entire plan to save his empire.
He tried to save his empire through courts of law by filing an application seeking a temporary injuction stopping the selling of the said property but he lost the application with costs.
He further petitioned president Museveni to save his empire arguing that it was illegally sold.
Unfortunately, after making wide consultations, especially from the Attorney General and Bank of Uganda, the big man advised Kamya to challenge the sale of his properties in courts of law.
He explained to him that he has no alternative to save him since he was advised that his properties were legally sold.
Without losing hope, Kamya instructed his new lawyers led by Fred Muwema to institute a suit in the High Court Commercial Division against Crane Bank, Meera Investment Limited, Luwaluwa Investment, and lawyers of Katende Ssempebwa Company Advocates were also joined in the suit.
The matter was allocated to Justice Stephen Mubiru, the head of the Division.
Kamya hired Kihika Byenkya and Company Advocates to join his legal team which successfully secured an order for discovery against the respondents.
Justice Mubiru ordered the respondents to allow the petitioner to inspect their email exchange, bank accounts and phone call logs which were made in the period when his properties were sold, an order which raised dust at the commercial court.
Lawyers from Katende Ssempebwa Advocates petitioned Justice Rubby Opio Aweri, the Chief Inspector of Courts claiming that justice Mubiru was biased and he has to be investigated over the matter.
He was ordered to refer the entire Ssimbamanyo file to justice Opio which Mubiru refused to do.
Mubiru insisted that Justice Opio didn’t have powers to ask for the said file from him and guided that the matter has to proceed but lawyers challenged his action at the Court of Appeal.
In October 2022, Justice Cheborion Barishaki of the Court of Appeal issued an order stopping Justice Mubiru from proceeding with the matter until three justices of the Court of Appeal determine the respondent’s grievances.
Sources who have been close to Kamya revealed that Justice Cheborion’s ruling shocked Kamya and from that time, his life changed and it worsened last month and was rushed to Nairobi where he died on Friday morning.
Sources said that other Simbamanyo Directors are set to continue with the legal fight to rescue their empire.
By Sengooba Alirabaki
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