Mustafa founder in legal tussle with stepfamily

Dispute rooted in Mustafa estate and whether two share allotments diluted its share in firm

Ms Shama Bano, the daughter of Mr Mustaq Ahmad (left), said that the business was running as usual and that the plaintiffs are not involved in the management or operations of the business.
The founder of the popular Mustafa Centre, Mr Mustaq Ahmad (above), is being sued by his step-siblings and their mother, who are seeking a court-ordered account of the affairs and records of Mohamed Mustafa & Samsuddin.PHOTO: BERITA HARIAN
Ms Shama Bano, the daughter of Mr Mustaq Ahmad, said that the business was running as usual and that the plaintiffs are not involved in the management or operations of the business.
Ms Shama Bano, the daughter of Mr Mustaq Ahmad, said that the business was running as usual and that the plaintiffs are not involved in the management or operations of the business. PHOTO: BERITA HARIAN

The founder of the popular Mustafa Centre, Mr Mustaq Ahmad, is being sued by his step-siblings and their mother, who are seeking a court-ordered account of the affairs and records of Mohamed Mustafa & Samsuddin (MMS).

At issue in the stand-off, among other things, are two company share allotments in 1995 and 2001 which the plaintiffs, led by Mr Ayaz Ahmed, are seeking to void because they allegedly diluted their interests as beneficiaries of the Mustafa estate.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.

A version of this article appeared in the print edition of The Sunday Times on July 01, 2018, with the headline 'Mustafa founder in legal tussle with stepfamily'. Subscribe