Kimilili MP Didmus Barasa has allegedly set up camp at DP Ruto’s home pleading him to assist him offset his car balance.
Last week Smart car limited had moved to court to have the legislator declared forcefully bankrupt for failing to pay the outstanding balance fr hiss car.
Smart cars and car city limited filed a insolvency petition against Kimilili MP Didmus Barasa.The company filed a creditors petition insolvency against the legislator who is listed as the debtor.
The petition is set to be heard o March 26 and any interested party has been asked to file a notice to appear and serve the notice to both parties. The Notice of hearing for the petition was ordered by an advertisement in the local dailies.
The case arises from the sale of Motor Vehicle Toyota Land Cruiser which was sold to the honorable Member of Parliament by Smart Cars Limited on September 25, 2017.
According to the lawyer handling the case the agreed purchase price was Sh. 11,700,000 and he paid Sh. 1,000,000 whereas Sh.7,000,000 was financed and paid by the National Assembly. He however failed to pay the balance of Sh. 3,700,000 after the car was released to him for use.
Read:High Court Orders For Fresh Sentencing Of Joy Gwendo, Quashes Jail Term
After several fruitless legal demands, Smart Cars Ltd filed Civil Case No. 4850 of 2018 against the Member of Parliament. After negotiations, a consent judgement was issued against the Member of Parliament on 31st October 2018 whereby he agreed to pay the balance of the purchase price and costs assessed at Sh.500,000 by eight monthly installments of Sh.462,500 with effect from September 5, 2018 until payment in full. He failed to make any installment.
Email your news TIPS to news@kahawatungu.com or WhatsApp +254708677607. You can also find us on Telegram through www.t.me/kahawatungu
One Comment
Leave a ReplyOne Ping
Pingback:Warrant Of Arrest Issued Against MP Didmus Barasa Over Ksh1.8 Million Debt -