WARNING: This is Version 1 of my old archive, so Photos will NOT work and many links will NOT work. But you can find articles by searching on the Titles. There is a lot of information in this archive. Use the SEARCH BAR at the top right. Prior to December 2012; I was a pro-Christian type of Conservative. I was unaware of the mass of Jewish lies in history, especially the lies regarding WW2 and Hitler. So in here you will find pro-Jewish and pro-Israel material. I was definitely WRONG about the Boeremag and Janusz Walus. They were for real.
Original Post Date: 2010-04-10 Time: 17:00:02 Posted By: News Poster
By Alex Bell
Zimbabwe’s Sheriff’s Office has this week added more Reserve Bank assets to an embarrassing Harare auction, which is underway to settle the Bank’s multi million dollar debt owed to a farm equipment firm.
The Reserve Bank owes an estimated US$2.1 million to Farmtech Spares and Implements, for 60 tractors bought to boost the previous ZANU PF government’s ‘Farm Mechanization and Agricultural Support’ program. The central bank, under the leadership of Governor Gideon Gono, had originally ordered 150 tractors, but only 60 were delivered. The remaining 90 were to be delivered after full payment for the first delivery was made. That never happened and in January Farmtech obtained an order from the High Court to seize Reserve Bank property as compensation.
The Sheriff’s Office has already attached a number of Reserve Bank assets, including 52 vehicles, three tanker trucks, refrigerators, beds, washing machines, televisions and some real estate, to settle the debt. But the sales so far have only amounted to about US$200 000 and lawyers have since stated that they expanded its attachments of Reserve Bank property to cover the debt, which is the property being sold in a Harare auction this week.
At least three tractors and hundreds of items of farm equipment belonging to the central bank were auctioned on Thursday, at the start of a three day sale of the Bank’s goods. According to the Zimbabwe Independent, the highest bid for one of the tractors was US$26 000. Two other tractors on sale were taken for US$15 000 each, while hundreds of generators were also sold, with the cheapest reportedly going for US$500. Some of the other implements on sale included harrows, chains, hoes, and wheelbarrows.
Meanwhile, there is a reported scramble for more central bank assets, as two other companies have successfully sued the Bank over the inability to pay its debts, incurred under Gono’s notoriously corrupt leadership. Two South African seed companies are also seeking payment for goods bought but never paid for by the central bank. That debt is reportedly as much as US$3.6 million.
Original date published: 9 April 2010
Source: http://allafrica.com/stories/201004090857.html?viewall=1