Zanu PF MP loses home

HARARE - The house of Zanu PF MP for Harare East, Terrence Mukupe will today go under the hammer as a local bank seeks to recover its debt.

Mukupe’s house was attached by the sheriff of the High Court after he failed to settle a debt owed to ZB Bank.

“The defendant’s rights and title in relation to certain piece of land situate in the district of Salisbury being stand number 293 Glen Lorne Township measuring 8 529 square metres AKA(also known as) 293 Coombe Road, Glen Lorne Harare,” read the auction notice.

“Duly instructed by the sheriff of the High Court of Zimbabwe we will be offering the following immovable properties for sale by public auction to be held at Raylton Sports Club corner 5th Street and George Silundika in Harare on April 1 at 10 am.”

The Zanu PF legislator has previously resisted the bank’s attempts to attach his house.

Although Mukupe was not immediately available for comment, the Glen Lorne house is the one he was reported to have been residing at when he was campaigning for the Harare East constituency last year.

Meanwhile, in yet another sign of the current economic meltdown, Bitumen Construction Services will also lose its double-storey administration block in Bluffhill as the Infrastructural Development Bank of Zimbabwe seeks to recover its money.

 

Comments (6)

I sympathise with the infrastructural company but certainly not with the Zanu PF thief. These people want everything for free and that is the only reason they join the looting party. He has no problem though for he can always relocate to a farm he grabbed or he will grab.

Yeoman Thomas - 1 April 2016

I would thought his party would help out a khomuredhi in his hour of need?

Loud Speaker - 1 April 2016

help a cde?! when it comes to facing the music its each man for himself; looting for (us)them all!

SaManyika Chaiye - 1 April 2016

I will only be happy the day when the zanu party and their zpf are sequestrated not this useless and penniless mp. I didn't even know this guy till this story was published.

josphat mugadzaweta - 1 April 2016

Nganyure ngaanyure...

tish - 2 April 2016

the idea of borrowing is not very advisable in our economic climate because we don't have a formal economy that is functional where money can create more value. we are predominantly a consuming economy because our industry is dead! and when you borrow at that level, the collateral must be in the form of corporate assets rather than domestic property(unless its held as an investment property) from which one is using as a dwelling place. this means that any losses from defaulting will be kept at company level without affecting personal belongings. so our good but foolish brother borrowed and used the house to just get the loan thinking that zanu will protect him. collateralising personal property is done by shrewd sharks who can sail in stormy business waters not by soft bones like this zanu johnny-cum-late who was hand-held by Tyson to rig that hre east seat. the boy is a banker and should know this at a much higher & more technical level. maybe he was clouded by the looting mentality thinking he might get away with it like what Gideon & others did at kingdom.

SaManyika Chaiye - 2 April 2016

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.