KAMPALA —Former Buganda Kingdom finance minister Rajni Tailor is facing a six month prison sentence should he fail to pay a UGX 146 m outstanding laon, the Commercial Court has ruled.
Businessman who is the ex-indian association group leader was ordered to pay the laon and its accrued interest to Prime Finance Company or go to jail.
Lady Justice Susan Abinyo in her ruling delivered on Monday May 10 found Mr. Tailor’s assertion that he paid the laon facility at USD 20,000 in three equal installments before the lapse of the laon period that is 27th August, 2016 unacceptable in the circumstances and the question that arises is why the did he make partial payments on 25/09/ 2019 and 7/11/2020 as seen in annextures marked R5 and R6.
“As a result, I find that the Applicant has failed to raise triable issues plausible defense to warrant that grant of leave to appear and defend the suit,” Justice Abinyo ruled.
Police in September 2019 rocked in cell Mr. Tailor over bounced cheques after the Indian community accused their former leader of failure to pay back the accumulated amount of money the lend to him.
They also accused him issuing cheques to a number of people well knowing that he did not have sufficient funds on the account.
He is a man of many titles – former president of the Hindu Council of Africa, co-president of the World Council of Religions for Peace, and chairperson of the board of trustees of the Indian Association of Uganda.