fusionex No Further a Mystery

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Hitachi explained this as “surprising” since the users on the Audit Committee were also directors of Fusiotech and should have unrestricted use of its fiscal data. 

But this request via the owners of the corporate and its appointed directors and audit committee was denied by Ivan, all to the pretext of some “governing administration directive” that prevented him from sharing fiscal info sought by Hitachi in an organization they owned, one hundred%.

Additionally it is not known if Hitachi has reached out to any customers to aid them, however these types of initiatives are Obviously handicapped by it not understanding who Fusionex’s buyers even are past the massive kinds where by the agreement wins had been accompanied by media releases.

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Hitachi court docket petition to wind up Fusionex, expose grim photo of alleged unethical and irresponsible conduct by Ivan Teh and his senior Management

Additionally, all details relating to the continuity with the Fusionex functions and enterprise wasn't shared right before or handed in excess of during their departure,” said the paperwork.

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A couple of days later the inhouse legal counsel for Fusionex confirmed Hitachi’s legal professionals a replica of another ‘govt directive’ dated 27 Nov which presupposed to prohibit Fusionex from sharing any data With all the audit committee.

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