Bre­denkamp agrees to pay $3,8m debt

Chronicle (Zimbabwe) - - National News - Daniel Ne­mukuyu Harare Bureau

BUSI­NESS ty­coon Mr John Arnold Bre­denkamp will now pay back $3,8 mil­lion he bor­rowed from a lo­cal en­trepreneur Mr Yaqub Ibrahim Mo­hammed some 16 years ago.

Mr Bre­denkamp had re­fused to pay the debt for years un­til the High Court early this year or­dered him to pay.

He con­tested the High Court de­ci­sion through an ap­peal to the Supreme Court.

How­ever, when the par­ties ap­peared be­fore the Supreme Court yes­ter­day, Bre­denkamp made a U-turn and with­drew his ap­peal.

Advocate Eric Mati­nenga, on be­half of Mr Bre­denkamp, told the court that his client was now ready to set­tle the debt.

Deputy Chief Jus­tice Luke Mal­aba, sit­ting with Jus­tices Chinem­biri Bhunu and Susan Ma­van­gira, con­firmed the with­drawal of the ap­peal to al­low am­i­ca­ble set­tle­ment of the dis­pute.

“The ap­peal is hereby with­drawn for the rea­son that the par­ties have reached a set­tle­ment on the is­sues be­tween them with the ap­pel­lant hav­ing to pay the costs of the suit,” ruled Jus­tice Mal­aba.

It came out in the trial that Mr Bre­denkamp bor­rowed the money to sup­port Gov­ern­ment’s troops in the Demo­cratic Repub­lic of Congo over a decade ago.

Mr Mo­hammed said that he de­cided to take the le­gal route af­ter the busi­ness ty­coon failed to pay back the money bor­rowed some­time in 2002 de­spite mak­ing sev­eral prom­ises to set­tle the debt.

Ini­tially, Bre­denkamp was charged with fraud on the same facts, but the court ac­quit­ted him on the ba­sis that it was a civil mat­ter.

Mr Mo­hammed in­sti­tuted civil pro­ceed­ings at the High Court claim­ing the $3,8 mil­lion plus in­ter­est.

Mr Bre­denkamp filed a counter claim of $350 000 al­leg­ing that Mr Mo­hammed ma­li­ciously caused his ar­rest and in­car­cer­a­tion.

Jus­tice Priscilla Chigumba ruled in favour of Mr Mo­hammed and threw out Mr Bre­denkamp’s claim.

Mr Mo­hammed was su­ing the busi­ness mogul for vi­o­lat­ing the 2012 agree­ment made in the pres­ence of the then At­tor­ney Gen­eral Mr Jo­hannes To­mana and the par­ties’ lawyers.

Mr Bre­denkamp promised to set­tle the debt by Fe­bru­ary 2013. He how­ever failed to hon­our the prom­ise.

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