VP Chiwenga’s Ex-Wife Sued After Failing To Repay Loan

Vice President Constantino Chiwenga’s ex-wife Jocelyn has been sued at the High Court after failing to repay a $2.6 million CBZ Bank loan. She risks losing her Glen Lorne property which she used as surety. Chiwenga is being sued together with her companies Rugnet Ventures (Private) Ltd and Licybuster Investments (Private) Ltd. Court papers filed by CBZ read:

The first, second and third defendants (Rugnet, Jocelyn, Licybuster) breached the terms of the restructured loan facility agreement by failing to repay the principal amount and interest fully and punctually in annual instalments of $260 000.

The third defendant registered a first mortgage bond for $607 500 stand number 2161 Glen Lorne Township stand number 812 Glen Lorne Township 15 registered in the name of the third defendant and held under deed of transfer number 3787/08 dated June 3, 2008, as security for the debt, hence the property becomes executable…. As at the date of summons, the defendant’s total indebtedness to plaintiff was in the sum of $2 594 249,97.

More: NewsDay

Join WhatsApp & Telegram News Groups:

WhatsApp Group: https://chat.whatsapp.com/ClDqiGvZzSLIM8LtWbs8Qa

Telegram Group: https://t.me/pindula

Back to top

One Comment on “VP Chiwenga’s Ex-Wife Sued After Failing To Repay Loan

  1. I do not think this news is for public consumption it does not generate interest not to me and the wife of the VP is entitled to her privacy to be honest but thanks for letting us know

Write a Comment

Your email address will not be published.

RSS Recent Profiles Created

Satisfaction survey
How likely is it that you would recommend Pindula News to a friend or colleague?
SuggestionsHow can we improve?
You have already submitted your feedback. If you would like to add more feedback please write us on hello@pindula.com.