Moyo awaits judgment on a court case to declare Old Mutual directors as delinquent - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Former Old Mutual CEO Peter Moyo has confirmed that he is still awaiting judgment on another case in which he wants the directors of Old Mutual declared as delinquent.

Moyo says the directors, including Board Chairman Trevor Manuel, were in contempt of court when they failed to honour a previous judgment for his reinstatement which was later overturned on appeal.

He says he doesn’t see how taking civil action against Old Mutual can further deteriorate his relationship with the company as he has already been dismissed. Moyo says the meeting that was held between himself and the Adhoc sub-committee appointed by the Board to get his version of events about his role in the“They appoint what I call a sham committee that has already made a decision, and they pretend that it is a hearing … by people that have already condemned me. They were the referee, they were the accusers, and they were the prosecutors in all its stages.

The former Old Mutual CEO says there was no conflict of interest on his part with regards to the dividend payment matter which resulted in his axing as CEO.

 

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Old Mutual, Moyo court case continues on Wednesday morning - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Former Old Mutual CEO Peter Moyo’s case against Old Mutual is expected to continue in a virtual sitting of the High Court in Johannesburg on Wednesday morning.
Source: SABCNews - 🏆 37. / 51 Read more »

Old Mutual, Moyo court case continues on Wednesday morning - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Former Old Mutual CEO Peter Moyo’s case against Old Mutual is expected to continue in a virtual sitting of the High Court in Johannesburg on Wednesday morning.
Source: SABCNews - 🏆 37. / 51 Read more »