Harare East MP, Terrence Mukupe allegedly denied Amazon Real Estate Agents employees access to his Glen Lorne house that is supposed to go under the hammer, after he failed to settle an unspecified debt with FBC Bank.
Source: Politicians feel economic pinch – NewsDay Zimbabwe October 21, 2016
by PAIDAMOYO MUZULU
The Zanu PF legislator has become the latest in a long list of politicians to hog the limelight for failing to settle their loans taken out when the country adopted multi-currency system in 2009.
Amazon, in a media advert, says they were denied access to the house to view the property.
“Access denied. however, we were advised that it is a brick-under-iron sheets, double storey building with four bedrooms, lounge, dining room, kitchen and staff quarters,” the company said.
The property sits on an 8 529m2 stand.
Mukupe was not answering his calls when NewsDay tried to get his comment yesterday.
Former deputy minister Bright Matonga is also set to lose some farming implements after he failed to repay a bank loan.
Matonga’s property at his Chegutu farm, including a tractor, trailers and irrigation pipes, will be auctioned after he failed to repay an Agribank loan.
The loans were not haunting only politicians, but also private companies that are failing to break even and are drowning in debt each day they continue to operate.
Musasiwa Bus Company is set to lose two properties in the capital after failing to settle African Banking Corporation (BancABC) debts.
The two properties are a 2 772m2 industrial stand in Ardbennie and a house in Hillside. The industrial stand has a main building with eight bays, inspection pit, four offices, a toilet and a borehole.
The Hillside property includes a single storey house with three bedrooms, main en suite, guest wing, garage, staff quarters and is walled and gated. The property sits on 2 537m2.
The properties will be sold by Amazon through a private treaty.
Former Reserve Bank governor, Gideon Gono’s businesses have also suffered the same fate with a number of his properties under threat of being auctioned to offset debts.
COMMENTS
The question is whether this display of bankruptcy by zanu pf thieves is really true or fake? Remember, these are people who made millions & millions by stealing both national & individual persons’ resources and/or properties. Knowing very well that zanu pf can be out of power anytime now & also that “mhosva hairovi” would we expect them to keep their ill-gotten wealth within the country? It’s a definite NO! Reality is, these thieves who are fanning bankruptcy have syphoned their stolen wealth out of the country to some injudicious foreign lands where their children, wives/husbands & girlfriends/boyfriends are living in outlandish luxury. So, whatever we see as these guys’ possessions in Zimbabwe are those the little bits & pieces which they don’t care about if any debtors come & grab. Any of their valued loot is safe in some so-called all-weather friends’ countries like China, Malaysia, etc. Borrowing large sums of money from banks, using their zanu pf status, and then refusing to pay back, knowing that the banks will recover very little through attaching & auctioning whatever little they choose to keep locally (in Zim) is just one of their stealing strategy. Imagine one borrows US$100K & only by a stand for 30K locally and take out the rest for safe keeping or enjoying with will family & girl friends in foreign lands. Then go u think the guy will be poorer when the bank come & only take that stand which was bought using just a third of their money; while the rest is gone? NO,NO, NO, ….
Bright Matonga……………………remember him? He got himself a white wife and a farm. Not a very bright chap – stupid, infact.