The Confederation of Economic Associations (CTA), which brings together the private sector, will appeal against a court decision ordering the seizure of the organisation’s headquarters and bank accounts, the Lusa news agency reported on Thursday 27 June.
According to the agency, a source from Construtora do Mondego said today that the Maputo City Court had accepted a request from the company to have the CTA’s headquarters building and accounts held at four banks seized, following a debt related to two construction contracts.
“This case is going to appeal. It’s normal to have an attachment. It means that we will be notified by the court in due course,” said Agostinho Vuma, president of CTA, speaking to journalists following media reports about the court order.
“We, with our management, will not allow the payment of 24.5 million meticals (359,158 euros, which is the amount set by the court), while the contracts point to 12 million meticals (175,914 euros),” he said.
The president of the CTA said that the organisation is not worried about the attachment order, maintaining that if the court decision goes ahead, “the solution will be swift”.
CTA headquarters
“We’re not worried about this whole situation, we just think that a better solution could have been found,” emphasised Agostinho Vuma.
A source from Construtora do Mondego told Lusa that the company had filed an enforcement action which resulted in the Maputo City Court ordering the seizure of CTA’s headquarters building and accounts held at four banks.
She said that the attachment is aimed at paying a debt of 24.5 million meticals (359,158 euros) that CTA owes as a result of construction work on the “Casa de Empresários” building in Inhambane province, southern Mozambique, under two contracts that the two parties signed in 2017.
The amount includes the cost of the work and interest on arrears for failure to meet payment deadlines. Construtora Mondego demanded payment of 40.1 million meticals (587,976 euros), but the court set the debt at 24.5 million meticals.
