Deputy Minister of Finance and Economic Development Terrence Mukupe is set to appear at the High Court today after Trust Bank applied for him to be imprisoned over a $32 593 debt. 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 court papers 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 on legal practitioner and client scale plus collection commission as calculated in accordance with the Law Society of Zimbabwe (LSZ) by-laws due by the plaintiff by virtue of the High Court order dated December 18, 2013 under HC7937/13.
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If you fail to pay the specified sum above you must appear before the High Court at Harare on Wednesday…..in motion the 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 High Court of Zimbabwe is one of the Superior Courts of Zimbabwe. The High Court deals at first instance with all high value and high importance cases. It also has a supervisory jurisdiction over all subordinate courts and tribunals. Appeals from the High Court... Read More About High Court
Trust Bank is a local financial institution that was established in 1996 but at that time it was operating under the name Trust Merchant Bank. It changed its license to a commercial baking license and through that change the name was also changed to Trust... Read More About Trust Bank
Terence Mukupe is a Zimbabwean politician. He is the former Deputy Minister of Finance and Economic Planning. In November 2017 he was appointed by President Emmerson Mnangagwa into a new cabinet. In April 2018, Mukupe was arrested and fined for assaulting his ministry’s finance director.... Read More About Terence Mukupe