Biti Rekindles $15m Retirement Claim
20 November 2019
By A Correspondent- MDC vice-president Tendai Biti has rekindled his $15 million retirement claim against First Mutual Holdings Limited (FMH) after the insurance company said it would only pay him less than what was agreed upon reaching the retirement age of 60.
Initially, Biti dragged FMH to court over the same issue in August this year, but the matter was not pursued further culminating in the present lawsuit.
In summons filed at the High Court this week, the Harare East opposition MP said in 1993 while he was a partner with Honey and Blanckenberg, his pension contributions were with his consent converted by FMH into an annuity policy.
-StateMedia