Socialite Jack Pemba has been on the run for some time now following a recent court order to either pay back tycoon Kirumira's money or get arrested.
Pemba is accused of failing to clear USD 300,000 that he borrowed from Kirumira after placing his expensive fleet of cars as collateral security.
Now our snoops have learnt that Pemba chose not to pay the money because Kirumira breached the contract when he started hiring out Pemba's cars for city functions and also went ahead to drive some of them around town yet he wasn't supposed to do anything of that kind based on contract terms. Pemba claims he was perturbed and decided not to get the cars back but instead opted to let Kirumira sale them off and get his money back.
"I can say, I have the money but will not pay back a single penny because I recently bought a brand new Lexus worth 620 million shillings just to show him that I moved on and I am not ready to pay back," troubled tycoon concluded.
