DJ SBU had to part with his luxury Aston Martin Coupe in 2016! But the repo man is still not happy . . . And the veteran DJ-turned businessman, Sbusiso Leope, is allegedly playing hide and seek.
After he had surrendered his wheels that cost R1,159,096 he was left with a balance of over R200,000 to his name. But he failed to settle the debt. Now, the bank wants the court to force him to pay.
According to documents filed at the South Gauteng High Court in Joburg on Monday, the DJ has allegedly failed to settle the outstanding balance of R206 571,51. DJ Sbu initially failed to keep up with the R16 106,90 monthly car instalment before giving the ride back to the bank.
According to the papers, the bank then appointed an assessor to resell the vehicle, leaving a big balance for him to settle. The court papers also cite his company, Blaque Gemini, as the first defendant.
“An assessor was appointed and the vehicle was valued for the amount of R380 000 (excluding vat). The plaintiff subsequently sold the vehicle for the amount of R524 400 (including vat) and the defendant’s account was credited with the amount of R460 000.”
The bank further says two letters of demand were sent in November last year detailing the exact sum which was due, requests that they say fell on deaf ears.
“The plaintiff has dispatched a letter of demand to the defendants’ addresses by registered post on 21 November 2017.“The letters of demand have been delivered to the post office responsible for the delivering of the post to the first and second defendant’s addresses the plaintiff has received no response to the notice notwithstanding the lapse of ten business days,” reads the document.
Through the agreement, the bank further indicates it is within its rights to claim for liquidated damages. The bank now hopes the court compels the musician to cough up the money.
When asked for comment, DJ Sbu asked the SunTeam to contact him in two hour’s time, but failed to answer his phone.