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In the prepared response handed to Ivan about the working day with the meeting, Hitachi expressed grave problem about The shortage of communications and transparency by Ivan and his leadership crew about the actual nature in the fiscal circumstance of Fusionex.
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From the surface area stage, evidently minority shareholders and significant shareholders like Teh are the most important casulties.
Although the dust is just not going to decide on this Tale as Ivan and his senior execs who left abruptly are hoping for. Not when the answer to Hitachi’s drastic winding up software is laid bare during the in depth court docket submission.
Instead, Hitachi went to wonderful lengths in its courtroom papers to update the court with great depth of element of each of the irregularities and alleged wrongdoings that happened.”
“This final decision stems through the insurmountable troubles arising from your insufficient handover of records and knowledge with the earlier management, which properly left Hitachi with none type of information concerning the management, functions, and continuity from the organization of Fusionex Team,” he said.
But a transparent picture emerges within the unusually in depth winding up petition filed by Hitachi, seen by DNA, in which Hitachi chronologically lists a number of steps by Ivan and his leadership workforce about a 15-month period that is sweeping and spectacular in scope, outlining flimsy excuses, non transparency and non-cooperation with Hitachi.
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Astoundingly, there was also no comprehensive list of personnel email messages, which Kumazaki questioned for thus he could clarify issues on the workers. Kumazaki and the new leadership team who arrived in had to compile a listing manually. A senior HR executive was also accused of becoming uncooperative.
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