Kampala. Buganda Road Chief Magistrates Court has set November 6 to hear a case in which businessman, Tom Kigonya Kaaya, 39, is accused of defrauding another businessman of Shs2b.
According to court documents, Mr Kaaya, a renowned businessman with massive investments in the transport industry under Kaki Investments, is accused of obtaining money by false pretense, forgery and uttering false documents.
He is accused alongside Mr Thomas Ssekizivu Katumba, 44, Francis Musisi Kayongo, 49, and Abdul Kasagga, 38 of defrauding businessman, Sam Buchanan of more than Shs2b.
However, they all deny the charges. The accused were earlier granted bail of Shs7m.
In a session presided over by magistrate Patricia Amoko, prosecution informed court that investigation had been completed.
Prosecution contends that between February 2016 and June 2016 in Kampala, Mr Kaaya and other suspects agreed to sell Mr Buchanan land with all its development there on comprised of block 26 plot 324,162 and 918 situated at Bulange –Mengo, Kampala.
However, the suspects failed to deliver their part of the bargain.
According to the charge sheet, the accused persons on October 10, 2016 in Mengo with intent to defraud or deceive forged an Addendum purporting it was made as an agreement between Mr Kaaya and Mr Buchanan.
In the same month the accused forged acknowledgement receipts of payment of Shs586m, Shs342, Shs614 and Shs450m purporting to have been payment of the monies in question to Mr Buchanan.