Astoundingly, there was also no total listing of staff members e-mails, which Kumazaki asked for so he could describe matters to the employees. Kumazaki and The brand new leadership team who arrived in had to compile an inventory manually. A senior HR government was also accused of currently being uncooperative.
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Based on a highly trained attorney knowledgeable about liquidation issues, “Hitachi, as the only shareholder, could have kept its winding up petition at a standard and superficial degree.
As a substitute, Hitachi went to fantastic lengths in its courtroom papers to update the courtroom with fantastic depth of depth of the many irregularities and alleged wrongdoings that transpired.”
Amidst the paucity of data available to it nevertheless, a set of finance ledgers concerning the Fusionex Group (dated 05.07.2023) were also found. Based on Hitachi, “the ledgers confirmed many suspiciously voluminous transactions pertaining to V-Circle’s and Convedge’s ‘computer software growth fees’ and/or ‘engineering fees’.
intends to end up. See desk.) and to allow a true and reasonable assessment with the revenue and loss accounts and balance sheets.”
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As of publishing of this information, Ivan hasn't responded to DNA queries to receive his facet on the story.
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The senior management departed the company abruptly, leaving Hitachi without having a formal handover of administration and functions. This departure bundled an absence of sharing facts regarding the continuity of Fusionex's operation and enterprise during their exit.”
But a clear picture emerges with the unusually detailed winding up petition more tips here filed by Hitachi, viewed by DNA, wherever Hitachi chronologically lists a series of actions by Ivan and his leadership group in excess of a fifteen-thirty day period period of time that is sweeping and spectacular in scope, outlining flimsy excuses, non transparency and non-cooperation with Hitachi.
In the meantime DNA has learnt that a previous Fusionex undertaking supervisor for a major govt account has reached out to basics the government agency to reassure them that their Fusionex designed and run System would be taken care of and retained running easily article Fusionex.