Tue, 14 Feb 2017 08:54:06 +0000 …as Investrust Bank decides to sell US$ 800, 000 Post debt By NATION REPORTER FRED M’membe is fighting a desperate battle to save his house from going under the hammer in the liquidation process of the Post Newspaper. According to impeccable sources, and in inexplicable circumstances M’membe in his personal capacity, applied for and obtained an exparte injunction from High Court Judge Dr Winnie Sithole Mwenda preventing Investrust Bank from selling its US$779,000 debt owed by the Post Newspaper (in liquidation). Upon realising the unilateral award of the injunction, Investrust Bank challenged the order and now Judge Mwenda, has reversed herself and has set February 21, 2017, as the date for the inter-parte hearing. The Post in liquidation apparently owes more than US$20 million. The Investrust Bank loan, according to Post Newspaper (in liquidation) workers, was secured by among other assets the house belonging to Mr M’membe […]
