Creditors drag Uchumi to High Court over bankruptcy claims
In November last year, all five branches of Uchumi were shut down and staff was laid off after accruing a lot of debts f ...
The creditors of Uchumi Supermarket have decided to lodge an application in the High Court challenging a request by the directors of the stricken retail chain to declare them bankrupt after failing to clear their debts.
Uchumi has been accused of not paying its suppliers and employees.
In November last year, all five branches of Uchumi were shut down and staff was laid off after accruing a lot of debts from suppliers.
The executive director of Private Sector Foundation Gideon Badagawa said they have agreed with Uchumi's creditors to ask for an objection to the application.
Badagawa said they are taking action because they have all the evidence that Uchumi has the capacity to clear their debts.
"We have all the evidence that every operation that has been done in Uganda is actually based in Kenya. All these cheques are being signed by people based in Kenya" Badagawa.
Someone owns Uchumi here in Uganda but based in Kenya and we want to lift the veil so the search is on to know who the owner is" he added.