'FBC's $4.8m asset seizure order unlawful'

CAPS Holdings Limited chairman Frederick Mutanda has said the High Court order permitting the seizure of $4.8 million worth of the company's assets was acquired through an unauthorized consent.

This came after CBZ and FBC entered into an agreement that saw FBC cede its rights, title and interest to CBZ.

The company is opposing the CBZ take-over application.