‘Pres­i­dent’s son never ap­plied for BancABC loan’

Chronicle (Zimbabwe) - - National News - Harare Bureau

PRES­I­DENT Mu­gabe’s son, Bel­larmine, did not ap­ply for a loan from BancABC, the bank said in a state­ment.

The bank’s com­ment fol­lows the pub­li­ca­tion of an ar­ti­cle in the Zim­babwe In­de­pen­dent on Fri­day, Septem­ber 30, ti­tled “Mu­gabe son de­nied loan”.

The story al­leged that a lo­cal bank had re­jected Bel­larmine’s $380 000 loan ap­pli­ca­tion to fund “his ob­scure busi­nesses and lav­ish life­style as it sought to con­tain non-per­form­ing credit to po­lit­i­cally ex­pose per­sons on its books”.

In a state­ment, BancABC dis­tanced it­self from the ar­ti­cle in the Zim­babwe In­de­pen­dent and de­nied that Bel­larmine ever ap­plied for a loan.

“African Bank­ing Cor­po­ra­tion of Zim­babwe Lim­ited (BancABC), wishes to in­form the public that the afore­men­tioned ar­ti­cle is un­sub­stan­ti­ated, en­tirely fab­ri­cated and ma­li­cious.

“BancABC wishes to cat­e­gor­i­cally put on record that Mr Bel­larmine Chatunga Mu­gabe has no re­la­tion­ship what­so­ever with BancABC and that he has never at any point sought for a loan or any other fa­cil­ity from the bank,” said BancABC. The bank dis­missed the ar­ti­cle as ma­li­cious. “BancABC dis­tances it­self from this ma­li­cious ar­ti­cle in its en­tirety and re­serves its rights in terms of the law re­gard­ing the ac­tion it may take to pro­tect its in­ter­ests.

“BancABC wishes to as­sure the public that the bank con­tin­ues to strictly ob­serve and ad­here to banker-cus­tomer con­fi­den­tial­ity,” said the bank.

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