Continue to, this was enough for Hitachi’s attorneys to realise the ‘Authorities Directive’ was just a normal letter reminding the recipients to workout caution and stay away from breaching any rules in relation to the disclosure of data to 3rd parties and foreigners.
Hitachi court docket petition to end up Fusionex, reveal grim picture of alleged unethical and irresponsible perform by Ivan Teh and his senior leadership
It's also not acknowledged if Hitachi has arrived at out to any customers to aid them, though these types of initiatives are Obviously handicapped by it not realizing who Fusionex’s customers even are further than the big ones exactly where the deal wins had been accompanied by media releases.
In line with its winding up petition, Hitachi reported it was alerted by Ivan in Sept 2023 that the organization had experienced a sharp drop in earnings followed by a shocking revelation from Ivan at a gathering on 27 Oct 2023 that it would need to cut costs, like fast retrenchments, without the need of which it will not be in a position to satisfy its financial obligations by Nov/Dec and which the retrenchments would demand massive compensation.
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This provided a conversation having a former senior govt who attempted to convince me not to put in writing regarding the matter.