News / National
Deputy Sheriff seizes Tsvangirai company
18 Jun 2013 at 05:49hrs | Views
KWEKWE - Bithedale Mining - a company owned by Casper Tsvangirai, Prime Minister Morgan Tsvangirai's younger brother - had its property seized by the Deputy Sheriff over outstanding payments to the National Social Security Authority (NSSA).
Tsvangirai's property was due to go under the hammer last Friday, but was saved at the last minute when he struck a deal with NSSA lawyers Danziger and Partners allowing him some time to settle the debt.
Bithedale Mining owes NSSA $12 391 in outstanding pension contributions and insurance premiums which were due in November 2011.
NSSA, through its lawyers, obtained a High Court order (HC7051-11) to have property belonging to the company attached and auctioned by the Deputy Sheriff to settle the debt.
Kwekwe Deputy Sheriff Energy Pedzera last month attached an Ajax lathe machine, Yam lathe machine, power saw and a CAT dump truck, which property is still being held by the Deputy Sheriff and will go under the hammer if the debt is not settled.
The judgment, issued on February 20, lists part of the debt as $6 355 outstanding pension contributions, $2 389 surcharge on outstanding contributions, $2 578 outstanding insurance premiums and $1 068 late payment penalties.
In a letter dated June 7, NSSA lawyers instructed the Deputy Sheriff to stop the auction, but to continue holding the property until the debt is paid in full.
"Please hold the auction on Bithedale Mining property, but it should remain attached until such a time the entire capital debt is cleared," reads part of the letter.
This is not the first time that the company has had its property attached over debts. In 2012, TN Bank swopped on the company and attached cars and fixed assets over a loan which the chrome miner had failed to settle.
Tsvangirai's property was due to go under the hammer last Friday, but was saved at the last minute when he struck a deal with NSSA lawyers Danziger and Partners allowing him some time to settle the debt.
Bithedale Mining owes NSSA $12 391 in outstanding pension contributions and insurance premiums which were due in November 2011.
NSSA, through its lawyers, obtained a High Court order (HC7051-11) to have property belonging to the company attached and auctioned by the Deputy Sheriff to settle the debt.
Kwekwe Deputy Sheriff Energy Pedzera last month attached an Ajax lathe machine, Yam lathe machine, power saw and a CAT dump truck, which property is still being held by the Deputy Sheriff and will go under the hammer if the debt is not settled.
The judgment, issued on February 20, lists part of the debt as $6 355 outstanding pension contributions, $2 389 surcharge on outstanding contributions, $2 578 outstanding insurance premiums and $1 068 late payment penalties.
In a letter dated June 7, NSSA lawyers instructed the Deputy Sheriff to stop the auction, but to continue holding the property until the debt is paid in full.
"Please hold the auction on Bithedale Mining property, but it should remain attached until such a time the entire capital debt is cleared," reads part of the letter.
This is not the first time that the company has had its property attached over debts. In 2012, TN Bank swopped on the company and attached cars and fixed assets over a loan which the chrome miner had failed to settle.
Source - NewsDay
