Another twist to Cape Town Villas saga
WHILE the legitimate owner of the prime land at the former Cape Town Villas remains unclear, new developments have emerged
By Yunusu Abbey
WHILE the legitimate owner of the prime land at the former Cape Town Villas remains unclear, new developments have emerged.
Land Registry documents indicate that unless the founder of the First International Bank of Grenada (FIBG) Arthur Van Brink, pays back a $600,000 debt he owes Karim Hirji, he would have relinquish the land.
The property was on May 27, 1996 registered in the name of Lakeside Resort Beach Limited, where Van Brink, is said to be a major shareholder. Lt. Gen. Salim Saleh was also linked to the property. The New Vision first reported this in a spotlight story on September 28.
But official land registry records say Hirji, who owns hotels in Kampala and Entebbe, is now the person wielding powers over the Munyonyo land. It was registered as Volume 2488, Block 257,plot 14 Munyonyo.
About 4.02 hectares, were on October 23, 2001, reportedly mortgaged to Hirji for a $600,000 debt the Kampala Lakeside Resort Beach proprietor(s) obtained from the city businessman.
Lakeside Resort Beach was granted a 99-year lease, effective October 1, 1996.
Presently, there is a legal squabble over the ownership of the property. On December 21, 2001, Marcus Wide, the liquidator, First International Bank of Grenada (FIBG), placed a caveat on the same property.
WHILE the legitimate owner of the prime land at the former Cape Town Villas remains unclear, new developments have emerged.
Land Registry documents indicate that unless the founder of the First International Bank of Grenada (FIBG) Arthur Van Brink, pays back a $600,000 debt he owes Karim Hirji, he would have relinquish the land.
The property was on May 27, 1996 registered in the name of Lakeside Resort Beach Limited, where Van Brink, is said to be a major shareholder. Lt. Gen. Salim Saleh was also linked to the property. The New Vision first reported this in a spotlight story on September 28.
But official land registry records say Hirji, who owns hotels in Kampala and Entebbe, is now the person wielding powers over the Munyonyo land. It was registered as Volume 2488, Block 257,plot 14 Munyonyo.
About 4.02 hectares, were on October 23, 2001, reportedly mortgaged to Hirji for a $600,000 debt the Kampala Lakeside Resort Beach proprietor(s) obtained from the city businessman.
Lakeside Resort Beach was granted a 99-year lease, effective October 1, 1996.
Presently, there is a legal squabble over the ownership of the property. On December 21, 2001, Marcus Wide, the liquidator, First International Bank of Grenada (FIBG), placed a caveat on the same property.