Page 11 - Peter Takaendesa News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Prosus faces investor flak over $144m fee for Naspers share swap
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Prosus faces investor criticism over $144 million fee for Na
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Prosus faces investor criticism over $144 million fee for Naspers share swap
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Telkom shares sink after announcing CEO will step down next year
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Corporate governance under spotlight as EOH sues ex-bosses
By Sandile Mchunu
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CORPORATE wars among JSE-listed companies once again came under the spotlight early this week when EOH Holdings laid claims against its former executive directors who were allegedly fingered in corrupt activities during their tenure at the company.
EOH sued its former co-founder and chief executive Asher Bohbot for R1.7 billion over material and reputational damages the company said it suffered from allegedly corrupt contracts he oversaw.
The group is also filing for damages against former chief financial officer John King, former head of public sector Jehan Mackay, and the former head of EOH International, Ebrahim Laher, for a total of R6.4bn.