Ex-CEO probe delays Scangroup results
Friday May 07 2021
By VICTOR JUMA
Summary
The move indicates that Mr Thakrar’s departure was related to financial misconduct though the company has not specified the allegations he is facing.
Scangroup missed the April 30 deadline for publishing its results without giving an explanation to shareholders.
The Capital Markets Authority (CMA) disclosed to Business Daily the reasons for the delay.
Investigations into misconduct of former Scangroup #ticker:SCAN chief executive Bharat Thakrar has forced the marketing services firm to delay publishing its results for the year ended December as the auditor awaits the outcome of the probe.
Thakrar now exits firm he founded
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Bharat Thakrar: Scangroup Founder Resigns as CEO and Board Member Month After Suspension
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