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Several expressed shock and disbelief that not simply Ivan, but members of his leadership team could behave in these an unprofessional, unethical and irresponsible method. “If this is legitimate, And that i honestly locate it difficult to believe, then they may have opened on their own to authorized motion from Hitachi and in many cases achievable censure from the Specialist bodies They can be members of,” stated a person tech ecosystem leader with a powerful corporate history.

Questioned by DNA if Hitachi was making ready to seek authorized action in opposition to the administrators and administration group of Fusionex for failing to carry out their fiduciary duties, a Hitachi Japan spokesperson stated, “Pursuing common legal strategies, If your winding up get is granted because of the Court docket, a liquidator will likely be appointed to just take in excess of operations in the winding down process. Any likely lawful action would have to be deemed from the appointed liquidator.”

But this request through the homeowners of the organization and its appointed directors and audit committee was denied by Ivan, all within the pretext of some “governing administration directive” that prevented him from sharing financial information and facts sought by Hitachi in a corporation they owned, one hundred%.

Hitachi positioned five of its executives as non-executive directors within the board with Ivan and his CFO, Chen Chiang as executive administrators.

Despite the progress, the corporate's stock has remained largely flattish over the past 15 months (aside from the the latest tumble).   

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“Only then we will see out the cause of the investigation. Anything at this point of your time is highly speculative until the investigation is full.

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