ZIMBABWE’S Deposit Protection Corporation (DPC) says it has regained control of closed Interfin Bank (Interfin) after a tussle with businessman Jayesh Shah’s Al Shams Global (Al Shams).
This comes as the Supreme Court (SC) in February reversed Al Shams’s 2016 High Court win, and also directing the benighted bank to repay $26 million for contracts signed between 2011 and 2012.
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“On the back of the judgment, the liquidator has commenced the legal processes of recovering all the funds and securities that were paid directly or ceded to Al Shams..,” Vusisizwe Vuma, the DPC chief executive, told The Financial Gazette thi
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