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.