Westlake International Finance Limited has petitioned the
High Court seeking an order to compel former Information and Communication
Technology minister, Supa Mandiwanzira, to settle a $317 166 debt in high
interest loans to a company owned by the MP for Nyanga South over six years
ago.
The micro finance institution filed summons at the High
Court on October 29 through its lawyers, Gill, Godlonton and Gerrans, citing
Mandiwanzira and Florence Erina Ziumbe — a lawyer and businesswoman — as
respondents.
“During the period stretching from January 2012 to February
2013, plaintiff (Westlake International) concluded three separate loan
agreements with Tarcon (Private) Limited (“Tarcon”) in terms of which the
plaintiff lent and advanced the following sums of money to Tarcon, that is $700
000 on or around January 2012; $615 960 on or around August 1, 2012 and $416
100 on or around February 4, 2013,” the firm said.
According to the court papers, Mandiwanzira and Ziumbe
bound themselves as sureties and co-principal debtors to the loan.
“In terms of all the three loan agreements, the aforesaid
Tarcon was obliged to repay the advanced sums of money, together with interest
thereon within a period of 180 days from the date of each advance. Despite
signing several acknowledgments of its indebtedness, Tarcon has failed and/or
neglected to repay the full amount and has to date, accumulated arrears in the
total sum of $317 166, 33.”
In the same litigation, the financial company said it was
also demanding interest at the rate of 8% calculated from the loan payment due
date to the date of payment in full.
However, Mandiwanzira and Ziumbe are yet to respond to the
lawsuit and the pair has 10 working days to file an appearance to defend.
Newsday
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