Zimbabwean cleric Prophet Walter Magaya is in hot water over a disputed $3 million debt to Zimbabwe’s Consul General to Israel, Ambassador Ronny Levi Musan. The case has taken a dramatic turn with Magaya admitting to an illegal transaction that violates Zimbabwe’s exchange control laws.
Magaya’s defense team argues that the agreement was unlawful, citing sections 4 and 11 of Zimbabwe’s exchange control regulations. They claim this renders the agreement unenforceable. Magaya wants to repay the debt in local currency, but Ambassador Musan insists on US dollars.
The court must decide whether to enforce the agreement or uphold the law. If Magaya’s argument is accepted, it could undermine investor confidence and send a damaging message to foreign investors. The judge has reserved judgment to carefully consider the submissions.
Magaya’s troubles don’t end there. He’s also facing another lawsuit from GetBucks Microfinance to recover a debt of $420,140. The company alleges Magaya has deliberately frustrated their efforts to recover the funds, claiming he possesses no assets. GetBucks is seeking to liquidate Magaya’s estate.
This isn’t Magaya’s first controversy. He’s been accused of defrauding congregants in a failed residential stands scheme. The project promised 1,000 residential stands but never materialized. Victims claim Magaya used their money for personal gain.
As the court battles intensify, Magaya’s reputation and finances hang in the balance.
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