Breaking News

Mujuru sued over a botched deal

by Staff reporter
12 January 2019 | 180 Views
THE High Court has granted an application by a Harare couple to amend summons in a case in which it is suing National People's Party (NPP) leader Joice Mujuru and her company, Ruzirun Investments, over a botched tractor deal.

Sabrina and Tony Sarpo, through their firm Peppy Motors (Pvt) Ltd, trading as Agritech, in March last year filed a $387 000 litigation against Mujuru and her firm, together with Steward Bank (Ltd) as co-respondents in the matter.

However, the couple later withdrew the litigation against the bank.

But the court summons had not been amended, prompting the current court application which was determined by High Court judge Justice Priscilla Munangati-Manongwa on December 27 last year in her chambers.

"Whereupon after reading documents filed of record, it is ordered that; leave to amend applicant's (Peppy Motors and Sarpo) summons and declaration filed in this court on March 29, 2018 under HC2954/18, be and is hereby granted," the judge said.

"Applicant's summons and declaration filed in this court on March 29, 2018 under HC2954/18, be and is hereby amended as per the amendments filed in this court on May 17, 2018 and July 24, 2018," she added, giving Peppy Motors and the Sarpos a 10-day ultimatum to file amended summons.

In the application, Peppy Motors and the Sarpos had urged the court to grant their application on the basis that they no longer intended to pursue the matter against the financial institution following the finding of common ground between the parties.




According to the court papers, Agritech entered into a loan agreement with Steward Bank in 2012, in which it requested a $350 000 loan for the purchase of several tractors.

The maturity date for the loan facility was July 31, 2013 while the Sarpos bound themselves as sureties to the facility.

Pursuant to the agreement, Mujuru and Ruzirun Investments agreed to replace Agritech as debtors for the loan facility, but only made an initial payment of $10 000.

After making the initial payment, Mujuru allegedly reneged on her contractual obligation by failing to make any further payments, prompting the couple to approach the courts for recourse.

The matter is pending.

Mujuru Court Deal

Source: newsday

Comments

Latest News

WATCH: 11 Women claim soldiers raped them

by Mandla Ndlovu | 24 January 2019 | 3 Views

Tuku a cultural icon, a world changer, a true superstar and legend

by Methuseli Moyo | 24 January 2019 | 3 Views

Harare to name street after Tsvangirai

by Mandla Ndlovu | 24 January 2019 | 2 Views

'Army killings prophesied Tuku's death' says Energy Mutodi

by Mandla Ndlovu | 24 January 2019 | 6 Views

Chamisa, Mnangagwa talks offer last chance for Zimbabwe

by Staff reporter | 24 January 2019 | 7 Views

Buses part of govt plan to get rid of kombis

by Staff reporter | 24 January 2019 | 6 Views

'Queen Bee' buys chrome miner

by Staff reporter | 24 January 2019 | 5 Views

Zimbabwe not desperate to join Commonwealth, says Charamba

by Staff reporter | 24 January 2019 | 1 Views

Petrol Zimbabwe boss arrested - Catherine Katsande the Petro-Zim gener...

by Staff reporter | 24 January 2019 | 6 Views

Mnangagwa's prosecutor General appointment above board

by Garikai Fadzi | 24 January 2019 | 1 Views

Lack of truthful dialogue is hurting Mthuli Ncube

by Chris Chenga | 24 January 2019 | 3 Views

Zimra surpasses FY18 revenue target by 17,7% - Zimbabwe's net revenue ...

by Staff reporter | 24 January 2019 | 1 Views

Chief Ndiweni calls for transitional govt

by Staff reporter | 24 January 2019 | 6 Views

Soldiers beat up Gweru vendors - MEMBERS of the Zimbabwe National Army...

by Staff reporter | 24 January 2019 | 2 Views

Zimbabweans push for national dialogue to end socio-economic crisis - ...

by Staff reporter | 24 January 2019 | 6 Views

Cops launch manhunt for Shurugwi murder suspects - POLICE have launche...

by Staff reporter | 24 January 2019 | 4 Views

Edcon ups Edgars stake - EDGARS Stores Limited (EDL) shareholders have...

by Staff reporter | 24 January 2019 | 1 Views

Prophet Makandiwa wins 'false prophecy' lawsuit - UNITED Family Intern...

by Staff reporter | 24 January 2019 | 1 Views

Proflight airlines suspends Harare-Lusaka route

by Staff reporter | 24 January 2019 | 3 Views

Mawarire remains caged

by Staff reporter | 24 January 2019 | 1 Views

Boy (11) goes missing during riots - A CHITUNGWIZA family is desperate...

by Staff reporter | 24 January 2019 | 4 Views

Pupils being sacrificed because of govt ineptitude - THE cold war betw...

by Editorial - newsday | 24 January 2019 | 1 Views

Zanu-PF activists set bases at schools - CIVIL servants yesterday clai...

by Staff reporter | 24 January 2019 | 1 Views

Parly urged to amend laws to tame police, army brutality - THE Zimbabw...

by Staff reporter | 24 January 2019 | 3 Views

ZANU PF Youths meet over coup plot

by Mandla Ndlovu | 24 January 2019 | 5 Views

Musona move delights 'unqualified' Sunday

by Staff reporter | 24 January 2019 | 4 Views

ZEC admits to violating electoral laws - Zimbabwe Electoral Commission...

by Staff reporter | 24 January 2019 | 1 Views

Only 12 months in jail for Bulawayo looters - THREE Bulawayo men who w...

by Staff reporter | 24 January 2019 | 1 Views

Jonathan Moyo vs Chiwenga: High Court rules

by Staff reporter | 24 January 2019 | 5 Views

Man assaults wife for pimples on privates - A 39-YEAR-OLD man from Bul...

by Staff reporter | 24 January 2019 | 3 Views

Entertainment

Oliver Mtukudzi had blood cancer?

by Mandla Ndlovu | 23 January 2019 | 1280 Views

'Why do you worship guns?' Mnangagwa asked

by Mandla Ndlovu | 23 January 2019 | 2801 Views

BREAKING: Oliver Mtukudzi dies

by Mandla Ndlovu | 23 January 2019 | 10787 Views

Ailing Mtukudzi misses Coca-Cola awards

by Staff reporter | 23 January 2019 | 3217 Views

LISTEN: Tocky Vibes disses soldiers

by Mandla Ndlovu | 22 January 2019 | 3253 Views

Africa Human Rights Film Festival

by Agencies | 18 January 2019 | 150 Views

Mahlalela ropes in Omkhula in new film

by Staff reporter | 13 January 2019 | 375 Views

Sandra Ndebele reflects on music journey

by Staff reporter | 11 January 2019 | 309 Views
iBlog

Greatsoftline For All Of Your Software Needs

coupon and promo codes: greatsoftline for all of your software needswhile some online sellers have promotional services that reduce the overall amount you spent, others do not .you need to be on the lookout for the best outlets in order to chase th... Read More
ITnews 25 February 2015 ago

Tb Joshua Worst Enemy Angelique Tonge Exposed

About two years ago, we came out emphatically about those behind the t.b joshua watch. many were those who thought we were framing innocent people up or on a witch hunt. some events have vindicated us and the cat is out of the bag. it is said that no... Read More
pointblank 01 May 2015 ago