Former Old Mutual CEO Peter Moyo has detailed the break down of their relationship with Old Mutual chairperson Trevor Manuel in court documents prior to the South Gauteng tall Court, where he alleges that Manuel addressed him with “open hostility” and that it absolutely was an “understatement” that “all hell broke loose” because of this.
Manuel is detailed among the participants into the matter.
The “last straw”, states Moyo, ended up being their objection towards the board about the “improper non-disclosure of the payment amounting to an incredible number of rand, that has been paid by Old Mutual in respect of Manuel’s legal charges for their much-publicised appropriate battle concerning the Guptas and their associates”.
Moyo has filed an urgent application in the South Gauteng High Court looking for, among other activities, become reinstated in their place. Continue reading Ex-Old Mutual CEO vs Trevor Manuel: Explosive court papers expose just exactly how ‘all hell broke loose’