Harare businessman Wicknell Chivayo was dragged to the High Court by Chisholome Road Freeholder (Private) Limited and Five Chisholome Road Cluster One (Private) Limited, for failing to pay for shares he bought.
The companies are claiming $650 000 from Chivayo, who is currently under pressure to clear his name over his deals with the Zimbabwe Power Company (ZPC). According to the court papers, in the event Chivayo failed to pay the full purchase price by end of August 2016, the agreement of sale would be increased by the sum of $150 000 for each period of 90 days. The flamboyant businessman failed to pay the outstanding balance of $500 000. Chivayo has not yet responded to the summons.
More: Daily News
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