Uncategorized
Land developer, CBZ sued over botched property deal
Silas Nkala ·
A BULAWAYO firm Loxdale Investments (Private) Limited has taken Harare-based property developer, Rilbro Property and Development (Pvt) Limited and CBZ Bank to court over a botched land deal.
In summons filed at the Bulawayo High Court this week, Loxdale Investments indicated that it lost $101 986 in the deal.
“The plaintiff’s claim is for payment of …$101 986 being refund of the outstanding balance of the amount paid by plaintiff to defendant towards the purchase price in terms of an agreement of sale dated January 19, 2012,” the summons read.
This story is for NewsDay subscribers.