Silk Events proprietor Elvis Sekyanzi was released yesterday morning after spending a week in Luzira over failure to refund a business loan he acquired from a creditor from Mash Investments Limited.
Court bailiff Sarah Komugisha was demanding sh20m, but later accepted sh12m, for effecting a court order.
“It is very difficult to arrest Sekyanzi. I got the warrant on June 1, and effected the arrest towards the end of the month. That is why he should pay my costs before he is released,” Komugisha insisted.
The Commercial Court released Sekyanzi from Luzira Prison after paying court bailiff’s costs, warning that if he fails to pay the balance within the specified period, he will be arrested.
Mash Investment Limited and Sekyanzi had agreed to establish, operate and run an entity known as Liquid Silk, Bugolobi Limited, but Sekyanzi breached the contract and failed to return $136,000 (about shs487m) given to him by Mash.