HARARE – The ownership wrangle between leading Zimbabwean financial services group Interfin and exiled banker Gilbert Muponda took a new twist last week with allegations that the banking group misled the nation by claiming it has settled with the latter over his stake in CFX Bank which was acquired by Interfin.
Muponda told The Zimbabwean on Sunday that contrary to claims by Interfin chairman Farai Rwodzi, he was yet to receive the $5.3 million for 309 million shares illegally transferred to Interfin when the group acquired Century Bank – now called CFX Bank.
“Neither my legal representatives nor I have received compensation of any nature from Interfin, its directors or shareholders for the 309 million Century/CFX Bank shares embezzled from Century/CFX by Interfin,” Muponda said. He said Interfin was “blatantly misrepresenting the facts” in order to run away from meeting its liability and warned the financial group’s
international partners such as MoneyGram and pay-television provider MultiChoice of the possible risk from the fallout from the wrangle.
“I am sure Interfin are under serious pressure from a well known international financial services group to come clean on the
circumstances of their illegal takeover of my bank, CFX. “Interfin must act maturely and pay the US$ 5.3 million after which I and my lawyers will sign a letter of release and indemnity to confirm settlement has been made,” he said. Rwodzi could not be reached for a comment last week.
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