GOVERNANCE
EOH files R1.7bn lawsuit against former CEO Asher Bohbot
The JSE-listed IT services company is suing its former CEO and several other top executives for billions of rand
28 June 2021 - 21:17
EOH has filed a R1.7bn lawsuit against co-founder and former boss Asher Bohbot, alleging he failed to carry out his fiduciary duties and created an enabling environment for corruption and financial irresponsibility.
The lawsuit, filed in the high court in Johannesburg, comes about three years after EOH, which provides technology services, revealed underhanded dealings with its biggest client, the government, forcing the one-time investor favourite into taking billions of rand in writedown charges and triggering a selling frenzy in its shares...
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