Choppies drag Payless owner to court over P121 million debt
Choppies, through its distribution centre, has dragged Payless supermarket’s majority shareholder, Saleem Malique to court over unpaid debts.
Choppies Distribution Centre (CDC) had loaned an amount of P121 048 424.78 to Payless supermarkets. Indeed, in total, the doomed enterprise owes suppliers P1.3 billion.
It has now been deemed through the Companies Act that Payless is unable to pay the money owed to CDC.
In a recently released circular to its shareholders, Choppies confirmed it has been unable to recover the P121 mil...
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