Cadiz chairman calls Investec CEO a thief and QwaQwa k****r for allegedly misappropriating shares worth R46m. Investec man counters, claiming his Cadiz colleague stole R1.9m dividend and charges him with crimen injuria.
Investec’s newly minted CEO, Fani Titi is being accused by a former Robben Island political prisoner of scamming him out of his lucrative multi-million-rand shares in three thriving FM radio stations.
So bitter is the dispute between the Investec boss and his old struggle-veteran friend Peter-Paul Ngwenya – who is today an influential company director – that it has found its way into the Randburg criminal court where legal history, regardless of the findings, will be made in a case of crimen injuria (criminal libel).
Fani Titi is reportedly one of the most searched people on Bloomberg. The FM called him “a corporate kingpin with a Midas touch” .