- WICKNELL CHIVAYO left school at 15
- DISGRUNTLED Zimbabwe police stage uniform protest.
- MNANGAGWA wife Auxillia drops charges against nine women who boed her in Manicaland
- O.J. Simpson dies of cancer , aged 76.
- South Africa ANC is the cause of ZIMBABWE troubles claims Zimbabwe opposition politician Job Sikhala
‘African Banking Corporation of Zim (BancABC), Denies that , Bellarmine Chatunga Mugabe applied for a bank loan’
Posted on by newzimbabwevision
Related Post
- BROOKE BRUK JACKSON (21) wins Miss Universe Zimbabwe 2023
- MNANGAGWA’S MILITARISED ZANU PF REGIME, RUTHLESSLY DESTROYS 150 Budiriro high-density suburb houses in Harare leaving desperate residents, who sleeping in the open .
- WELCOME EVERYONE: 277,500 MEMBERS, A Quarter of a million members, thank you for the fast growth, participation and continuous encouragement to others to join the group
- FOUR armed robbers,out on bail on 24 armed robbery charges were shot dead during a shootout with police in Kwekwe late on Wednesday.
- PARLIAMENTARY PUBLIC ACCOUNTS REVEALS THAT US$3 Billion dollars disappeared through the Command Agriculture between December 2017 and 2018
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. source-chronicle