Gloves Off As Board Reveals Case Against Ram

Monday, July 08, 2019

Suspended Choppies’ CEO, Ramachandran Ottapathu’s decision to drag the regional grocer to court is increasingly looking like an own goal, as the choice has allowed the previously tightlipped board to reveal all the gory details of its case against him, as part of required judicial disclosures.

As a listed entity, Choppies was muzzled by Botswana Stock Exchange rules, even as Ottapathu publicly railed against his board, accusing it of attempting to hijack the pan-African retail chain.

Ottapathu, popularly known as Ram, is credited for building Choppies into a multibillion pula revenue spinner through a formula involving aggressive expansion and cut-throat pricing at the lower tier of the Fast Moving Consumer Goods market.

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Gloves Off As Board Reveals Case Against Ram

Suspended Choppies’ CEO, Ramachandran Ottapathu’s decision to drag the regional grocer to court is increasingly looking like an own goal, as the choice has allowed the previously tightlipped board to reveal all the gory details of its case against him, as part of required judicial disclosures.

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IEC rejects 2,513 registrations

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Inspect the voters' roll!