By Our Reporter
Silk Events and Liquid Silk proprietor, Elvis Sekyanzi recently made headlines in local tabloids where it was alleged that he had lost many of his properties over failure to pay loans.
According to the tabloid reports, it was claimed that he (Sekyanzi) lost his Mercedes Benz Cross Country G55, his mansion along Luthuli Avenue and his ‘big’ Silk Events trailers after failure to pay loans.
It, however, turned out to be a case of tarnish-induced speculation.
When we stormed the Silk Events offices for answers, Sekyanzi was not there. And instead, we talked to his Personal Assistant, a lady called Jane.
After prudent coercion, she let us in on a number of documents that prove that indeed, Sekyanzi had never lost any of the properties.
There was a letter showing intention to release the Luthuli Avenue mortgaged property, then a letter that confirmed mortgage release under the Mortgage act no. 8 of 2009 that was issued by Stanbic Bank. When we further investigated whether or not he had lost the Mercedes Benz Cross Country to loans, we discovered that Sekyanzi had on the contrary sold the car on 3rd August 2015, after which the transfer to the new owner who preferred anonymity was downed on April 12, 2016.

When we called Sekyanzi, he said; “I don’t have any enemies, even in my business, whoever is circulating those rumors is onto an agenda I am not aware of, and therefore not bothered by.”
When we investigated the final allegation; the whereabouts of the allegedly lost and towed Silk Events Trailors, we found all 3 of them parked at Kyadondo, where a Silk Events stage was being erected for the congregation of Pastor Mbonye.
