Eight directors of Kakuzi Plc have moved to the High Court seeking to block the Capital Markets Authority (CMA) from probing them over alleged conflict of interest and financial impropriety.
In a petition to the court, the directors said that the Capital Markets Tribunal erred when it allowed (CMA) to dig into business and financial dealings at Kakuzi Plc arguing that the process was not fair and did not meet the constitutional threshold.
