Bank Threatens Mukupe With Imprisonment Over Debt

Defunct Trust Bank Corporation has threatened deputy minister of finance Terrence Mukupe with civil imprisonment for failing to service a $32 593 loan. The bank alleges that Mukupe defied a 2013 court order from High Court judge Justice Loice Matanda-Moyo compelling him to clear his debt. Part of the bank’s summons read,

You (Mukupe), the defendant are called upon to pay to the plaintiff (Trust Bank) the sum of $32 593,57 with interest thereon at the rate of 5% per annum from April 2, 2013, together with cost of suit due by the plaintiff by virtue of the High Court order dated December 18, 2013 under HC7937/13. If you fail to pay the specified sum above you must appear before the High Court at Harare on Wednesday in motion court to explain why you have not paid it and to show cause why an order for your imprisonment should not be made on account of your failure to pay.

The minister is yet to respond.

More: NewsDay

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