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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