Twice-fired CEO wants Old Mutual directors jailed for six months

Pedro Gonçalves
clock • 2 min read

Axed Old Mutual CEO Peter Moyo has asked the South African high court to punish the company's current directors with six months' jail time, without the option of a fine, for being in contempt after they refused his court ordered reinstatement.  In an affidavit filed on Tuesday at the high court in Johannesburg, Moyo said the insurance giant's directors, including its chair Trevor Manuel, must be jailed "as punishment for their contempt of court without the option a fine". "A non-custodial sentence would be disturbingly inappropriate in this particular case," the affidavit highlighted, lo...

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