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As of publishing of this post, Ivan hasn't responded to DNA queries to get his facet on the story.
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Hitachi described this as “stunning” since the users of the Audit Committee had been also administrators of Fusiotech and ought to have unrestricted usage of its fiscal records.
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The next day, Fusionex termed for a meeting with Hitachi the place it suspended any further discussions dependant on the freshly gained government directive, like not enabling the Audit Committee to fulfill with Fusionex auditors EY.
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Hitachi court petition to end up Fusionex, reveal grim image of alleged unethical and irresponsible conduct by Ivan Teh and his senior Management
“The preceding senior management departed the corporate right away with none sort of handover of your administration as well as like this functions.
Hitachi put five of its executives as non-government administrators about the board with Ivan and his CFO, Chen Chiang as government directors.
An government through the agency tells DNA, “We want to hold out For additional clarity on what truly took place at Fusionex prior to making any choices of aid.”
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