It truly is believed that other ex-Fusionex executives have also been achieving out to critical government and private sector customers also, assuring them of support even though It's not very clear by which organization.
Quite a few expressed shock and disbelief that not merely Ivan, but users of his leadership team could behave in this sort of an unprofessional, unethical and irresponsible method. “If That is genuine, and I Actually obtain it not easy to believe, then they have opened on their own to legal motion from Hitachi and perhaps achievable censure within the professional bodies they are users of,” explained one tech ecosystem chief with a powerful company qualifications.
"Much like our IPO not becoming the end of the business’s journey then, the proposed delisting of Fusionex is just the start of a completely new chapter in the Tale of the corporate plus the increase of a fresh starting," he tells DNA in an job interview.
“You can find truths, fifty percent truths and some untruths of the various opinions and speculations on the market. I might mention that we give Ivan some Room and if the dust settles, We are going to know extra,” reported the executive.
Hitachi court petition to wind up Fusionex, expose grim photo of alleged unethical and irresponsible carry out by Ivan Teh and his senior leadership
Suspicious transactions pertaining to V-Circle and Convedge for ‘software program advancement costs’ and/or ‘technology costs’
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Once again, Hitachi’s authorized team have been refused a copy from the ‘Government Directive’ and only allowed to look at it visually without using any notes.
There may be current market converse that Ivan has an fascination in the corporation Though his name doesn't appear to be a shareholder or Discover More director and somebody informed about V-Circle tells DNA that Ivan has no real interest in the corporate.
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The Court docket has also tasked the interim liquidators from the Fusionex Group of organizations to problem a report around the position on the enterprise and monetary affairs of the businesses. It truly is hoped that such a report will likely lose some mild on the condition of Fusionex.