SE-listed technology services firm EOH is still to recover billions of rands from its former executives it sued almost two years ago. Governanceriskandcompliance EOH AsherBohbot JehanMackay JohnKing EbrahimLaher Corruption
, former CFO; Jehan Mackay, former head of public sector; and Ebrahim Laher, former head of EOH International, for a total of R6.4 billion in damages.
It is alleged it was under the previous management’s watch that EOH got entangled in corruption, especially with public sector tenders. Asked about the progress on the case, Pydigadu said: “It has been bit of a slow process. So, we’ve got summonses that we issued against them. We are now at a discovery place, where they are asking for more clarity. It’s more of information-sharing at this point in time.
Pydigadu also revealed the company is making steady progress in repaying government proceeds from dubious tenders that were signed off by the previous regime.to pay back over R40 million it earned unduly from Department of Defence contracts.
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