Over 200 people in Soroti have lost millions of Shillings in a fraudulent motorcycle deal. The victims were conned a company called Savannah Motors.
The company entered agreements with different individuals to supply Bajaj Motorcycles on credit after paying Shillings 500,000 as commitment fees from the borrower. In the agreement, a borrower would either choose to pay weekly deposits of Shillings 62,500 or Shillings 250,000 monthly for 24 months.
The borrowers were expected to receive their motorcycles on Monday (October 4, 2021) but surprisingly, the offices at Pamba were closed over the weekend. The company’s directors and all the staff had long disappeared from the offices. Even their known telephone contacts and office lines were inaccessible.