Hitachi described this as “stunning” since the customers with the Audit Committee had been also directors of Fusiotech and ought to have unrestricted usage of its monetary records.
Hitachi found, to their shock, that from Sept to Nov, at the least a hundred and ten staff had either resigned or been retrenched. The administrators weren't knowledgeable of this meaningful condition.
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The winding up petition versus the Fusionex Group of organizations are still pending before the court docket and Along with the Courtroom hearing the petition in Could 2024.
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Quite a few expressed shock and disbelief that not only Ivan, but users of his Management crew could behave in these kinds of an unprofessional, unethical and irresponsible fashion. “If this is true, And that i Truthfully obtain it challenging to believe that, then they have opened themselves to lawful action from Hitachi as well my sources as attainable censure within the Experienced bodies These are associates of,” explained a single tech ecosystem chief with a strong corporate qualifications.
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This kind of was Hitachi’s assurance in Ivan that it remaining him and his management group completely in command of working FusioTech Holdings, the new business established write-up its acquisition.
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Hitachi positioned 5 of its executives as non-govt directors over the board with Ivan and his CFO, Chen Chiang as executive directors.
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