By Spy Uganda
Kampala: City tycoon Mutaasa Kafeero’s In-law Hajji Fahad Ibrahim Lugobe, married to Mastulah Mutaasa, is currently in hiding after reportedly failing to pay debts amounting to over Shs100m, and issuing bounced cheques to city young businessman Stanley Mutyaba.
Spy Uganda has learnt that Hajji Lugobe was arrested in October this year and charged with issuing bounced cheques vide case file number SD Ref 27/26/09/19 of CPS Kampala, but he was given bond, which he has since jumped.
Trouble for Lugobe started when he issued Cheques to Mutyaba to be drawn on his accounts at Standard Chartered Bank and Barclays bank ( now Absa) respectively.
However, when Mutyaba presented the cheques, he was shocked to be told that they couldn’t be cashed, due to insufficient cash on Lugobe’s account.
The bounced cheques include;No.1115529100 of Shs34.2m on Standard Chartered bank A/c 0101115529100, dated 19/09/2019.
No.6005770511 of Shs19m on Barclay’s Bank A/c 00001104013747 dated 10/11/2019.
No. 1115529100 of Shs22.8m on Standard Chartered A/c 00000501080247 dated 19/06/2019.
No. 6005770511 of Shs26.6m on Barclay’s Bank A/c 00000804013747 dated 19/09/2019.
Meanwhile, Lugobe also wrote another agreement pledging to pay Mutyaba Shs15.2M on October 19, 2019 and another Shs19M on November 19, 2019, which he never did.
However, efforts to contact Lugobe for a comment about this matter were futile since he couldn’t be pick our phone calls.