As of publishing of this short article, Ivan hasn't responded to DNA queries to obtain his side of the story.
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“You'll find truths, half truths plus some untruths of the various opinions and speculations out there. I might claim that we give Ivan some Room and when the dust settles, we will know far more,” explained the executive.
It stays to generally be observed if Ivan will appear out and protect himself and his track record towards the damaging contents of Hitachi’s petition. Any long run he hopes to have of nevertheless remaining a key Element of Malaysia’s tech ecosystem will depend on this.
Requested by DNA if Hitachi was getting ready to hunt legal action towards the directors and administration workforce of Fusionex for failing to perform their fiduciary obligations, a Hitachi Japan spokesperson mentioned, “Subsequent normal legal methods, Should the winding up purchase is granted through the Court, a liquidator will probably be appointed to take over functions during the winding down method. Any likely legal motion must be regarded as via the appointed liquidator.”
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There exists industry talk that Ivan has an fascination in the corporate Though his identify does not show up like a shareholder or director and a person familiar with V-Circle tells DNA that Ivan has no real interest in the company.
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A couple of days later on the inhouse authorized counsel for Fusionex confirmed Hitachi’s attorneys a duplicate of A further ‘governing administration directive’ dated 27 Nov which purported to prohibit Fusionex from sharing any facts with the audit committee.
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