By GRACE CHAILE LESOETSALUSAKA businessman Harry Valden Findlay has been sued in the Lusaka High Court by the Development Bank of Zambia (DBZ) over an unpaid loan facility given to Chrismar Hotel five years ago in the sum of about US$2 million.But Mr Findlay has disputed owing US$1, 905, 846.42 nor being in breach of the repayment of the long-term facility.He stated that the hotel has so far paid US$1, 640, 566.74 towards the loan facility which expires on November 22, 2023.DBZ which is demanding interest, stated that as at October 25, 2021, Chrismar owed US$1, 905, 846.42.It is also claiming delivery of the mortgaged property, stand no.4035 in Livingstone. DBZ seeks foreclosure and sale of the mortgaged property.Chrismar, Mr Findlay, the hotel’s Chief Executive Officer and Osanna Lydia Findlay Peters are sued as first, second and third respondents respectively.According to documents filed in the Lusaka High Court commercial registry, Chrismar entered into a long […]
DBZ sues Findlay over US$2m loan
