CEO of Vele Investments and former VBS Mutual Bank COO Robert Madzonga has instructed his lawyers to appeal against a final sequestration order against him.
“I’m aware of the court’s decision. I’m appealing, and I will not hand over any of my assets and properties to the liquidators,” Madzonga said. “I am presumed innocent until the appeals court says otherwise.”A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.
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