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“The former senior management departed the organization right away with none type of handover from the administration along with the functions.
Hitachi court petition to wind up Fusionex, reveal grim image of alleged unethical and irresponsible perform by Ivan Teh and his senior Management
A few days later on the inhouse lawful counsel for Fusionex showed Hitachi’s lawyers a duplicate of One more ‘federal government directive’ dated 27 Nov which purported to prohibit Fusionex from sharing any info Along with the audit committee.
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“Only then we will see out the reason go to the website for the investigation. Everything at this stage of time is very speculative right until the investigation is full.
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"He signed an irrevocable declaration to vote in favour from the delisting," reported the resource, who declined to generally be identify due to sensitivity of the data.
But a transparent photograph emerges from the unusually specific winding up petition filed by Hitachi, seen by DNA, in which Hitachi chronologically lists a series of actions by Ivan and his Management team about a 15-month time period that is sweeping and spectacular in scope, outlining flimsy excuses, non transparency and non-cooperation with Hitachi.
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It remains to become seen if Ivan will occur out and defend himself and his name from the harmful contents of Hitachi’s petition. Any potential he hopes to possess of nonetheless being a crucial Section of Malaysia’s tech ecosystem will rely on this.
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This begun Go Here a series of forwards and backwards among Ivan and Hitachi, outlined in its petition, by which Hitachi needed to training its authorized legal rights as owners of Fusionex and with Ivan and his Management team providing many good reasons to obstruct this, chief of which was a purported ‘governing administration directive’ that prevented Ivan from sharing sensitive knowledge with overseas parties.