Former Johnnic Holdings chief executive, Jacob Modise, yesterday hit back at the Nehawu Investments chairman Phillip Dexter over a claim that Modise had unethically acquired shares in ARB Electrical Wholesalers.
Modise refuted the allegations against him and said: " [I] had no dealings whatsoever with Nehawu Investment or its chairman Phillip Dexter."
"I was not invited into Tladi by anyone. We acquired, through our attorneys, a shelf company that we renamed Tladi. The company's registration documents will reflect that Phillip Dexter was not party to any of this. For Phillip Dexter to make these assertions when I have not even met the chap is preposterous in the extreme."