Former Kaizer Chiefs and Mamelodi Sundowns star Khama Billiat is making headlines after it was revealed that he owes a number one financial institution round R400 000.
Due to his enormous following, the information has thrust the Zimbabwean talisman into the highest developments.
R400K DEBT CLAIM HANGS OVER KHAMA BILLIAT’S HEAD
Regardless of being among the many highest-paid Premier Soccer League stars throughout his stints in South Africa, the soccer maestro didn’t settle one among his money owed earlier than leaving for Zimbabwe for a clear begin after dumping Soweto giants Kaizer Chiefs.
In response to reviews, the debt pertains to an overdraft credit score facility granted to Khama Billiat in 2020. Nevertheless, little is understood in regards to the precise quantity of the overdraft credit score.
The quantity has since ballooned to over R370 000, with the hearsay mill claiming it’s now round R400 000. The Zimbabwean footballer final paid his instalments in 2023.
In response to reviews, Khama Billiat was anticipated to pay month-to-month instalments between R80 000 and R90 000, however he didn’t make the funds, leaving the financial institution with no possibility however to pursue authorized routes to recoup the debt.
His relocation to Zimbabwe has made it onerous for the courtroom sheriffs to trace down the star.
The courtroom sheriffs have struggled to serve him with mandatory authorized paperwork, delaying the financial institution’s makes an attempt to get better the cash.
Nevertheless hearsay mill has it that the monetary establishment may think about different authorized means to recoup the funds.
Khama Billiat has but to handle the reviews which have since seen him making headlines for the mistaken causes.
MAKING HEADLINES
In any case this, it isn’t the primary time he has made headlines as a consequence of his monetary woes.
Final yr, Khama Billiat was reportedly dragged to courts by a creditor after he “didn’t sustain with the cost of the bond settlement”.
In response to reviews, “An entity referred to as Rising Markets Dwelling Loans utilized to the Pretoria Excessive Court docket for an eviction order towards 5 occupants, who’ve been staying in Khama Billiat’s home since return to Zimbabwe.”
The publication famous that the star was not paying month-to-month instalments for his Midrand property.
In response to reviews, the star’s failure to pay instalments “prompted the finance service supplier to place the home on public sale to recoup the R1.7 million mortgage.”
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