Suspicious transactions pertaining to V-Circle and Convedge for ‘software package advancement expenses’ and/or ‘know-how fees’
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It is a shocking fall, without parallel in Malaysia’s tech historical past. Additional so, as Ivan is the closest detail to getting the golden boy for Malaysian tech, developing a company to contend during the company tech Room versus worldwide tech players.
Hitachi court petition to wind up Fusionex, reveal grim photograph of alleged unethical and irresponsible perform by Ivan Teh and his senior leadership
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A robust advocate of not resting on 1’s laurels and passionately pushed to make a favourable distinction, Ivan a short while ago introduced Fusionex’s Large Facts solution, aptly named Big - an all-encompassing Answer with the extent of comprehensiveness that's the 1st ever being produced by an Asian organization.
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Hitachi described this as “surprising” as the users of your Audit Committee have been also administrators of Fusiotech and should have unrestricted entry to its fiscal records.
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It absolutely was not just the motion to wind up, even so the news that Ivan and several of his Management team Stop their jobs abruptly without the need of serving because of detect and didn't execute their Experienced and fiduciary obligations with an appropriate handover of access and documents.
“Only then we will see out the cause of the investigation. Anything at all at this point of time is highly speculative till the investigation is complete.
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“There are truths, fifty percent truths plus some untruths of the various thoughts and speculations available. I'd personally Go Here claim that we give Ivan some House and when the dust settles, We'll know extra,” stated The manager.
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