“Only then we will discover out the cause of the investigation. Something at this point of time is highly speculative till the investigation is comprehensive.

"He signed an irrevocable declaration to vote in favour from the delisting," explained the source, who declined to get title as a result of sensitivity of the data. 

Instead, Hitachi went to great lengths in its court docket papers to update the court docket with excellent depth of detail of many of the irregularities and alleged wrongdoings that happened.”

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Hitachi uncovered, to their shock, that from Sept to Nov, at the very least 110 staff members had possibly resigned or been retrenched. The directors weren't knowledgeable of the significant predicament.

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Nevertheless the dust isn't about to decide on this story as Ivan and his senior execs who remaining out of the blue are hoping for. Not when the answer to Hitachi’s drastic winding up application is laid bare while in the comprehensive court docket submission.

It absolutely was not just the motion to wind up, although the information that Ivan and plenty of of his leadership staff Give up their jobs abruptly without having serving owing detect visit this page and did not execute their Skilled and fiduciary responsibilities with a suitable handover of entry and paperwork.

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