By Professor Matodzi
Harare, August 27, 2013 – Temba Mliswa, the controversial empowerment lobbyist and Zanu PF Member of Parliament-elect for Hurungwe West constituency risks losing his valuable property after a local financial institution petitioned the High Court seeking to attach his property over a $48 000 debt.
TN Bank through its lawyer, Meli Matshiya of Mtetwa and Nyambirai Legal Practitioners recently asked the High Court to issue a writ of execution authoring the bank to attach and take into execution the movable goods belonging to Cubs Den Consolidated, a company which is owned by the former fitness trainer.
TN Bank, which recently branded to Steward Bank after it was acquired by leading telecoms provider, Econet charged that Mliswa failed to repay a loan, which his firm had borrowed from the commercial bank in October 2010.
The petitioning of the High Court came after TN Bank secured a ruling in its favour from Justice Ben Hlatshwayo, who in October 2012 ordered Cubs Den Consolidated to pay the commercial bank $48 783.
Mliswa’s company was also ordered to pay interest on the debt.