Business mogul wins 24-year-old legal battle

ZIMBABWEAN business mogul Jayesh Shah has won a 24-year long legal battle against the Bank of Zambia over US$139 191 386 that was seized in 1998 from his company Al Shams Building Materials Limited.

Zambia High Court judge Justice Edward Luputa Musona found the bank at fault, bringing an end to the long-drawn dispute.

“This is proper, particularly that the history of litigation in this case dates back to the year 1998.

This story is for NewsDay subscribers.