Buyanga faces $95 000 demand

HARARE - A local firm has approached the High Court demanding a $95 000 reimbursement from self-exiled businessman Frank Buyanga’s company after a botched property deal.

Zevenrose Enterprises (Private) Limited (Zevenrose) allegedly bought the disputed Borrowdale Brooke property from Hamilton Property Holdings Limited (Hamilton), but failed to access it since Irene Chiwara — the presumed ex-owner — is contesting the initial deal.

In this regard, company director Chandler Moyo has approached the court with a view for a refund as the Harare businesswoman is also refusing to vacate the property.

Chiwara allegedly ceded the property to Buyanga as surety for “a loan” advanced to her, but fell back on her buy-back instalments — leading to Hamilton’s disposal of the asset.

However, she denies selling the property to the controversial businessman.

With the two parties remaining at odds and still locked in court battles, Zevenrose is now seeking an order for a $600 monthly repayment in damages — backdated to October 2010 — or the entire $95 000 cost price.

“An order compelling first and second defendant (Hamilton and Chiwara) to take all necessary steps required in order to effect transfer to plaintiff (Zevenrose) of the property… within seven days of service of this court order,” the company’s lawyer Raphael Tsivama said in court papers this week.

The matter, however, failed to proceed in court after Hamilton’s lawyer Listen Zinyengere said the company’s star witness Lloyd Hama had gone to hospital after his consecutive arrests and “harassment” last week.

The defence attorney told High Court Judge Priscilla Chigumba that his client had been taken to hospital as a result of hypertension, thereby forcing the court to postpone the matter to July 22.

 With Buyanga’s Hamilton Group fighting numerous battles for allegedly taking people’s fixed and movable assets on the sly, problems started when hard-pressed Zimbabweans and several companies approached the property financier for cash under interest-bearing and 12-month “buy-back” agreements, which they failed to honour.

Although the 33 year-old businessman has won numerous fights — leading to his December 2010 clearance on both criminal and commercial charges by the police — Buyanga and his employees still find themselves as a subject of interest by a section of Zimbabwe’s criminal justice system.

As things stand, the South African-based property investor was placed on an Interpol red notice after clashing with a high-ranking politician.

However, Buyanga has hired top Israeli lawyer Nick Kaufman to fight the international arrest warrant. - Staff Writer

Post a comment

Readers are kindly requested to refrain from using abusive, vulgar, racist, tribalistic, sexist, discriminatory and hurtful language when posting their comments on the Daily News website.
Those who transgress this civilised etiquette will be barred from contributing to our online discussions.
- Editor

Your email address will not be shared.