By Najibu Mulema

City Tycoon Patrick Bitature has downsized claims by some people that he is running bankrupt.

Recently, a lot has been said that the owner of Simba Telecom owes millions of dollars to the new owners of Sudhir Ruparelia’s former million dollar asset, Crane Bank Ltd.

It has been alleged that the tycoon has been singled out as one of the biggest loan defaulters of the new look DFCU Bank that is re-evaluating some loan agreements and many people have been stating that anytime some of Bitature’s assets will be seized by the new owners of Crane Bank.

However, unbothered Bitature has refuted bankruptcy claims saying the allegations are just rumours with no clear stand.

“Just so you all know, rumours of my demise have been highly exaggerated,” Bitature tweeted.