Business mogul loses plane

Concerted efforts by business mogul, John Arnold Bredenkamp to stop the auctioning of his private jet over a US$205 000 debt, recently went up in smoke after High Court judge president Justice George Chiweshe threw out an ownership claim by Longhorn Limited which sought to bar the Sheriff of the High Court from selling the plane.

According to the court papers, Bredenkamp borrowed US$3,8 million from his business friend, Yaqub Mahomed, for the purposes of recapitalising his mining business in the Democratic Republic of Congo (DRC), but failed to pay the debt in full. This resulted in a protracted legal battle and judgment was then entered in favour of Mahomed for US$3,8 million plus interest, but the debt was then reduced to US$205 602 after taxation.

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