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Home»Entertainment»Court Slaps Harmonize with Ksh5.4 Million Fine for Loan Default
Entertainment

Court Slaps Harmonize with Ksh5.4 Million Fine for Loan Default

winnie mabelBy winnie mabelAugust 20, 2024
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  • Tanzanian Bongo Flava star Harmonize has been ordered by the High Court to pay CRDB Bank Tsh113 million (Ksh5.4 million) after defaulting on a loan
  • The court issued a default judgment after the singer repeatedly failed to appear and submit his defense
  • The loan, initially taken to finance music equipment and a production studio, had its repayment schedule adjusted, but Harmonize defaulted once again, leading to the legal battle

Tanzanian Bongo Flava sensation Harmonize, whose real name is Rajabu Abdukahali Ibrahim, has been hit with a hefty financial blow following a ruling by the Tanzanian High Court.

The court has ordered the popular musician to pay Tsh113 million (Ksh5.4 million) to CRDB Bank after he defaulted on a loan taken in 2019.

The loan, which amounted to Tsh300 million (Ksh14.2 million), was intended to finance the purchase of music equipment, the establishment of a production studio, and other related costs.

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Despite initial repayments, Harmonize began defaulting on the loan, even after the bank had adjusted his repayment schedule to ease his financial burden.

Read Also:

1: Harmonize Thrilled After Boarding New Tanzanian SGR: “Inakaa Kama Ndege”

2: Harmonize Berates Diamond Platnumz Over Claims He Fathered His Career: “Inachosha”

In the Commercial Case No 151/2023, the High Court, presided over by Judge Cleophas K Morris, found Harmonize in default after he failed to respond to court summonses and did not submit his written defense statements.

As a result, the judge ruled in favor of CRDB Bank, ordering Harmonize to pay the outstanding amount along with interest and damages.

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#Featured Featured Fine Harmonize Kenyan celebrities Tanzanian Singer Top News Trending News
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winnie mabel
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I am Winnie Mabel, a seasoned journalist with over 10 years of experience in the media and communications industry, including 5 years specializing in digital communications. My skills range from crafting compelling stories and managing content with precision to formulating content strategy and effective audience engagement.

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