News / National
Court case against Chiyangwa withdrawn
21 Sep 2015 at 06:54hrs | Views
Odar Housing Development Consortium (OHDC) has withdrawn a civil case against businessman Dr Phillip Chiyangwa and a number of Government offices following a $42,5 million deal hammered out recently with the property mogul.
In the case, the then Minister of Local Government, Public Works and National Housing Dr Ignatius Chombo, was cited as the first respondent while Sensene Investments (Private) Limited owned by Dr Chiyangwa, the Minister of Lands and Rural Resettlement, the Registrar of Deeds and Attorney General Prince Machaya were cited as the second, third, fourth and fifth respondents respectively.
The money will be paid over seven years. OHDC chairman Mr Benny Tangai Matenga signed the deed of settlement on behalf of the consortium while Dr Chiyangwa represented Sensene Investments, a subsidiary of Pinnacle Property Holdings. Both parties then agreed to withdraw criminal and civil cases before the courts.
Beneficiaries will be granted title deeds upon paying a minimal deposit, with the remainder covered with a bond.
Source - the herald