Old Mutual pleads innocent in R1.2bn lawsuit over transfers in Fidentia scandal
Court hears Old Mutual Unit Trust management failed to protect rights of beneficiaries — including mineworkers’ widows and orphans
21 February 2022 - 20:18
Old Mutual is facing a R1.2bn lawsuit over alleged due diligence failures in 2004 involving transfers linked to the Fidentia scandal.
Living Hands Umbrella Trust it taking Old Mutual Unit Trust management (OMUT) to task for liquidating investments when Fidentia bought Living Hands in 2004...
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