CABS SUED OVER BOND NOTES

The High Court yesterday reserved judgment in a case in
which a local firm is challenging the decision by its bank CABS to give it bond
notes for the United States dollars deposited in its account in 2016.

The matter was head before High Court jud…

The High Court yesterday reserved judgment in a case in which a local firm is challenging the decision by its bank CABS to give it bond notes for the United States dollars deposited in its account in 2016. The matter was head before High Court judge Justice Happias Zhou. The Stone/Beattie Studios, represented by former Finance minister Tendai Biti, is suing CABS, the Reserve Bank of Zimbabwe