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SINGAPORE – The step-family of Mustafa Centre boss Mustaq Ahmad levelled serious allegations against him on Tuesday (Oct 13), accusing him of cheating his father, his stepmother and his step-siblings so that he and wife and children could “line their pockets”.
The allegations came at the start of a 34-day hearing into a suit brought against Mr Mustaq and his family by his five step-siblings and their mother, with each side accusing the other of “insatiable” greed.
The step-family, led by Mr Ayaz Ahmed, is asking the High Court for an order to wind up Mohamad Mustafa & Samsuddin Co (MMSC), the company behind the popular department store.
A liquidator should be appointed to look into the affairs and records of the company and recover any property that has been improperly dissipated before the winding up, they said.
They contended that Mr Mustaq’s various wrongdoings have caused an “irretrievable breakdown” in the relationship among the shareholders.
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