adminRenicance (Pvt) Ltd, City of Masvingo, Second Nominees Private Limited, Alshams Global BVI Limited and Harare businessman Mr James Maposa who are demanding a combined payment of US$30 million plus interests.
FBC, which is claiming US$309 000 an outstanding balance on an investment the bank made, has already filed its claim with the High Court. In his claim, Mr Maposa is demanding payment of US$500 000 from Interfin.
Through his lawyers Scanlen and Holderness Mr Maposa submitted that on October 27, last year, he deposited US$500 000 to mature on November 25.
On November 25, he said he rolled over the investment for 30 days. Prior to the expiry of the 30 days, Mr Maposa gave notice to Interfin not to roll over his investment as he intended to withdraw the money.
By arrangement with the defendant (Interfin), the plaintiff (Mr Maposa) completed a Real Time Gross Settlement form on January 4, 2012 requiring the defendant to pay the sum of US$500 000 to his agent Olmac Zimbabwe Limited,” he submitted.
In breach of its undertaking, Interfin has reportedly failed or neglected to pay Mr Maposa.
In all circumstances, Mr Maphosa averred that it was agreed that the money would accrue interest at the rate of 20 percent per annum payable monthly in arrears or credited to his account.
Second Nominees Private Limited is also claiming US$3 million, which it says it borrowed the bank two years through a revolving credit facility.
However, Interfin defaulted in making due punctual repayments and as at February 29, 2012 it had paid US$935 944, 43 leaving a balance of US$3 million in capital and US$151 666,67 interests, which it has failed to pay despite demand.
Online Reporter