Chiyangwa runs to High Court after property worth $300 000 sold for $4 800 at auction over unpaid water bills

Businessman Phillip Chiyangwa, through his company Native Investments Africa (NIA), has sued  Bulawayo City Council and the Sheriff of the High Court challenging the auctioning off of two cranes belonging to his company.

The two machines were attached when Bulawayo City Council sued Native Investments Africa for unpaid water bills totalling $300 000 and obtained a judgement against NIA. After obtaining a writ of execution, using the judgement, the property was attached and auctioned off with the two cranes reportedly valued at  $300 000 going for $4 800. The price discrepancy was explained by the Sheriff labelling the cranes as “completely stripped”

Native Investments was not happy with this development and challenged the auctioning of the equipment at the Bulawayo High Court. The company wants an order barring the Sheriff from delivering the cranes to the winning bidders until the matter is resolved. In the case that the cranes have already been delivered, they want the winning bidders to return them with 48 hours.

More: Chronicle

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