Uchumi Supermarkets creditors raid Uganda assets
Customers entering an Uchumi Supermarkets store at Garden City in Kampala. FILE PHOTO | RACHEL MABALA
What you need to know:
- Successful buyers told The Monitor, a Nation Media Group publication, that they were tipped off about the ongoing sale by their friends who had learnt about it after photographs of the goods were posted on a WhatsApp page.
Debt-laden Uchumi Supermarkets' creditors are disposing off its Uganda assets despite a court order to preserve them.
The official receiver, Mr Fulgence Mungereza, revealed that people claiming to have been sent by the landlord were selling goods secretly at its Garden City branch in Kampala though there is an order to have the assets preserved until several suits filed by suppliers and former workers are heard and determined.
Mr Mungereza on Wednesday said the unscrupulous people had established a WhatsApp chat group through which they were offering the items at lower prices.
They claimed proceeds from the sale would be used to pay off debts owed to suppliers for goods delivered to the stores between 2012 and 2015.
Successful buyers told The Monitor, a Nation Media Group publication, that they were tipped off about the ongoing sale by their friends who had learnt about it after photographs of the goods were posted on a WhatsApp page.
Uchumi closed its Uganda and Tanzania subsidiaries, citing heavy losses.
