Prominent Uasin Gishu businessman and politician Zedekiah Bundotich popularly known as Buzeki is fighting to save his company’s assets from being auctioned over Sh105 million debt.
This is after a Sh340 million business deal between his company, Buzeki Enterprises Ltd and Landmark Port Conveyors went sour.
In the case, directors of Landmark Port Conveyors entered into a binding sale agreement amounting to Sh340 million on August 17, 2015, with Buzeki Enterprise Limited for the sale of two properties in Mombasa measuring 1.16 hectares in Section VI Mainland North and another 1.07 hectares in Section VI C
On Friday 14 June 2018 Justice Mbogholi Msagha ruled that Buzeki had failed to live by his word despite the court granting him an opportunity to pay Sh118 million in monthly installments of Sh3 million.
“It’s clear that, despite the accommodating indulgence on the plaintiff/respondent, the defendant/applicant has not lived to its word or the legitimate expectation. Good faith is demonstrated by inter alia, consistency and predictability. Going by the record of this case, that is lacking in the conduct of the defendant/applicant.
“The end result is that, this application is dismissed in its entirety with costs to the plaintiff/ respondent. What this means is that the plaintiff/ respondent is now at liberty to proceed with the execution of the judgment in its favour against the defendant/applicant,” said Justice Mbogholi.