Former Buganda Prime Minister John Baptist Walusimbi sued a money lender and estate administrator claiming over 471 million shillings in damages for unjust enrichment.
In a case filed with the Commercial Division of the High Court, Eng Walusimbi, who was Prime Minister of Buganda between 2008 and 2013, accuses RL Jain Limited and Mr. Rajnish Jain, the administrator of the late RL Jain’s estate of having sought to defraud him with an illegal loan from Shs5b.
Acting through J Byamukama and Co Advocates, Eng Walusimbi accuses the accused of unjust enrichment, violation of mortgage contracts and wants the court to order the return of his certificate of land title included in plots 134 and 819 from Kyadondo block 263 to Bunamwaya Kyadondo, Wakiso district.
Eng Walusimbi also asks the Registrar of Titles to cancel the mortgages registered on his land, general damages, interest on special and general damages and the cost of the lawsuit.
According to documents filed in court, on May 21, 2011, Eng Walusimbi signed loan agreements with Mr. Rajnish Jain, in which 6.3 million shillings secured against 202 hectares of land in Singo, Myanzi was advanced. .
Court documents further indicate that in September, two more loans of Shs 6.9 million and Shs 6.16 million were advanced to Eng Walusimbi and were secured by 0.48 hectare and 0.211 hectare of land. , respectively included in Kyadondo, Bunamwaya in the district of Wakiso.
However, Eng Walusimbi now blames Mr. Jain for consolidating the loans without his consent and charging 15 percent interest per month, which translates to 180 percent per year.
He claims that in 2012 he made two payments of Shs 8.27 million and Shs 6.3 million as loan repayment, but was however surprised when Mr. Jain on March 23, 2016 seized his property in Myanzi, Singo, which he has sold for Shs 500 million so far. the property had been assessed at Shs2b.
The irregular foreclosure, says Eng Walusimbi, fully offset the loans which at the time amounted to Shs 514 million.
However, Mr. Jain has denied the claims and continues to hold land titles included in Plots 134 and 819 of Block 263 from Kyadondo to Bunamwaya Kyadondo, Wakiso District until Eng Walusimbi pays 5 , 3b Shs being the principal and accrued interest.
Therefore, Eng Walusimbi wants the court to issue a judgment against Mr. Jain, with a statement that he has settled the loans with interest in full.
Eng Walusimbi’s prayer
Eng Walusimbi is also seeking a permanent injunction against Mr. Jain preventing him from disposing of his property, the payment of special damages of Shs 471 million, among other measures the court deems appropriate.