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No progress in IDC pursuing claim against Moyo company

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After a much publicised claim in 2019, little has happened to recover money the development finance institution says it is owed

The Industrial Development Corporation appears to have made no progress in recovering money it says it is owed by former Old Mutual CEO Peter Moyo’s investment company, NMT Capital.

This comes more than a year since the claims made by the state-owned industrial financier that Moyo and NMT may have deliberately misled it regarding the true financial position of the investment company and its ability to repay a loan to the IDC.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

 

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