Ram hits back at Choppies


Suspended Choppies CEO, Ramachandran Ottapathu says the regional grocer has failed to prove a case against him and in fact, all the decisions in question were done with legal advice approved by the board.

Choppies goes to a decisive Extraordinary General Meeting next week, where essentially shareholders will have to choose between Ottapathu’s proposed directors and the current non-executives who suspended the CEO. 

The pan-African supermarket chain was suspended from trading on the Botswana and Johannesburg stock exchanges last November after failing to publish its 2018 financial results. Legal and forensic probes commissioned by the board have since pointed the finger at numerous governance lapses at the group and laid the blame largely on Ottapathu, popularly known as Ram. 

Editor's Comment
Parents should be more proactive in children’s lives

Parents need to pay particular attention to their children to ensure they grow up in a healthy environment that supports their development and mental health. Healthy attachments between parents and children foster strong bonds, creating a solid foundation for future leaders.In many African cultures, there is a common perception that parents should use a stick to discipline naughty children. While disciplining children is important, it is equally...

Have a Story? Send Us a tip
arrow up