This provided a conversation by using a former senior govt who tried to convince me not to write in regards to the matter.

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The Court docket has also tasked the interim liquidators in the Fusionex Group of firms to situation a report over the position with the small business and fiscal affairs of the businesses. It truly is hoped that such a report may also drop some light over the state of Fusionex.

As of publishing of this short article, Ivan has not responded to DNA queries to acquire his aspect of the Tale.

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Facts contained In this particular news release is existing as in the day on the press announcement, but could possibly be matter to vary without prior notice.

Instead, Hitachi went to good lengths in its court papers to update the courtroom with fantastic depth of element of the many irregularities and alleged wrongdoings that happened.”

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A lot of expressed shock and disbelief that not simply Ivan, but customers of his leadership team could behave in such an unprofessional, unethical and irresponsible fashion. “If This is certainly genuine, And that i honestly obtain it challenging to feel, then they may have opened them selves to legal motion from Hitachi and also possible censure within the professional bodies These are members of,” claimed a single tech ecosystem chief with a powerful corporate qualifications.

A couple of days later the inhouse legal counsel for Fusionex confirmed Hitachi’s attorneys a copy of Yet another ‘authorities directive’ dated 27 Nov which purported to prohibit Fusionex from sharing any information With all the audit committee.

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But a transparent picture emerges with the unusually comprehensive winding up petition submitted by Hitachi, seen by DNA, where Hitachi chronologically lists a series of steps by Ivan and his Management team about a fifteen-month period of time which is sweeping and amazing in scope, outlining flimsy excuses, non transparency and non-cooperation with Hitachi.

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