SPC Global has commenced legal proceedings in the County Court of Victoria against its former chairman, Dr Hussein Rifai, and Thor Capital.
The company said the proceedings relate to alleged breaches of directors’ duties and other obligations, and claims for recovery arising from certain historical expenditure, reimbursement, and related-party arrangements.
Media reports in The Australian Financial Review allege SPC is seeking $85,000 in damages from Rifai and $27,500 from his private vehicle, Thor Capital.
SPC Global alleges, among other things, that amounts were incurred or paid in circumstances that were not properly authorised or were otherwise not for a proper company purpose.
The company is seeking recovery of the amounts claimed in the proceeding, together with interest and costs. It said the allegations concern historical matters and do not involve any current member of the SPC Global board or leadership team.
“SPC Global remains committed to strong governance and accountability and will continue to review historical conduct and practices where appropriate. The board will pursue avenues of recourse where it is appropriate to do so and acting in the best interests of the company and its shareholders,” the company said.
SPC Global said it would provide further updates in accordance with its continuous disclosure obligations.
Rifai joined SPC as executive chairman in 2019 following its acquisition from Coca-Cola Amatil by Shepparton Partners Collective. He chaired the company through its merger with The Original Juice Company and Nature One Dairy and its relisting on the ASX in December 2024, before resigning from the SPC Global board in November 2025.
SPC Global and Hussein Rifai were both approached for comment.
