Kampala businessman, Hajji Mutaasa Kafeero has dragged car importer Yassah Matovu Sseguya to court for failure to refund shs300 million following a botched car importation deal.
Court documents show that Mutaasa and Sseguya signed an agreement into which the latter was to sell a 2023 model Range Rover at the tune of shs900 million which was to be paid in instalments.
The property mogul proceeded to pay shs300 million in initial deposit with a balance of shs600 million to be paid in 12 instalments of shs50 million each.
Hajji Mutaasa Kafeero, through his lawyers of Muwema and Company Advocates and Solicitors, says that after rejecting the vehicle, he requested a refund of all the money already paid to the importer but only shs50 million was refunded.
“The defendant/ respondent( Yassah Matovu Sseguya) claims the shs300 million is a non-refundable deposit that he must retain,” Hajji Mutaasa says in his affidavit before the Commercial Court.
“According to information received from my lawyers, M/s Muwema & Co. Advocates, which information I verily believe to be true, the parties entered into a sale by description agreement which the defendant/respondent breached and is therefore not entitled to keep the deposit.”
In this case, the property mogul wants the court to determine whether the Range Rover, UBQ 436E supplied to him by Yassah Matovu Sseguya corresponds with the description in the agreement.
He also wants the court to determine whether or not, he is entitled to a refund of the shs300 million initial deposit.
The court is set to rule on the matter on July, 10.
