![]() ![]() The acts included share allotments in 19 that increased the couple’s collective stake and gave them majority control, while diluting the interests of the other shareholders. ![]() On Monday, Justice Mavis Chionh found that the available evidence was sufficient to establish that Mr Mustaq and Madam Ishret had conducted the company’s affairs in a manner that was oppressive to the other shareholders. The defendants chose not to testify, arguing that the plaintiffs have not provided sufficient evidence to make out the key elements of their claims. Mr Mustaq contended that he was the sole owner of the company. Besides Mr Mustaq, the other defendants are Madam Ishret, their children Shama and Osama, and Madam Ishret’s brother Iqbal.
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