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
CAF is a joke, but...

We are told of massive spin-offs for hosting countries, which we assume was the catalyst behind putting in the bid.We are not too sure if it is a one-size fits all, where any hosting nation reaps the benefits or it’s on a case-by-case basis.There are arguments from both ends, with hosting a sure way to accelerate infrastructure development and a guaranteed cash flow during the 30-days of the tournament.There is a bump in employment creation...

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