Ex-CFI directors threaten legal action

Ex-CFI directors threaten legal action
Published: 08 December 2017
Two former non-executive directors of CFI Holdings have said they reserve the right to sue for defamatory allegations, following their exit from the group on Tuesday.

Ephraim Chawoneka and Douglas Mamvura resigned on Tuesday, a day before an extraordinary general meeting of shareholders was supposed to determine their fate following a resolution pushed by Nicholas van Hoogstraten's Willoughby for the duo's ouster.

In a letter to CFI company secretary Panganayi Hare, Mamvura said the matters raised in the statement presented by his counsel at the company's EGM on November 15 remained "germane to CFI Holdings Limited which is now beyond the control of the fractured board of directors".
- Newsday
Tags: CFI,


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