Aya boss’ option exhausted, must pay sh614b debt

Court documents indicate that between 2007 and 2017, Aya and IDC entered into various financial credit agreements to finance the construction of the Pearl of Africa Hotel (now Win 5 Hotels and Spa).

All Aya boss Muhammed Hamid’s three attempts have yielded zilch.

By: NewVision Reporter, Journalists @NewVision

_________________

The bid by Aya Investment Uganda Limited to disentangle itself from a sh614b legal trap has failed, with the latest directive from the Court of Appeal

Login to begin your journey to our premium content

Tags:

Court
Business
Aya Investment Uganda Limited
Muhammed Hamid

Aya boss’ option exhausted, must pay sh614b debt

Court documents indicate that between 2007 and 2017, Aya and IDC entered into various financial credit agreements to finance the construction of the Pearl of Africa Hotel (now Win 5 Hotels and Spa).

All Aya boss Muhammed Hamid’s three attempts have yielded zilch.

Tags:

Related Stories

Fr Sekabira charged with money laundering, remanded

Luuka district engineers, headteacher charged over sh225m fuel theft, selling jobs

Murder cases dominate Lira High Court criminal session

Will Besigye and Lutale be granted bail today?

Prof. Ssempebwa condemns Ssemakadde over indulging law society in partisan politics

Why Besigye, Lutale are spending second Christmas in prison