Explosive EGM To Decide Choppies Future

Choppies
Choppies

The future of homegrown multibillion pula giant, Choppies, goes to the wire by mid-August at the latest, when shareholders meet at a highly contentious extraordinary general meeting (EGM).

On Friday, suspended CEO, Ramachandran Ottapathu, lost a High Court case to have the EGM held earlier. Ottapathu, popularly known as Ram, has secured support from just above 51% of investors for an early EGM, whose agenda involves dissolving the current board. The Festus Mogae-led board suspended Ram in May citing allegations of gross misconduct, with a report on the forensic probe due to be released by next week.

The board says Ram brought the High Court case in order to remove the board before the forensic report is released. The suspended CEO says shareholders have been kept in the dark for too long and the group’s affairs need to be discussed and decided on quickly.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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