The winding up petition against the Fusionex Team of corporations remain pending before the court docket and Using the Courtroom hearing the petition in May well 2024.

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It is actually believed that other ex-Fusionex executives have also been achieving out to vital governing administration and private sector clients in addition, assuring them of support while It's not at all very clear through which corporation.

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Btw, this non-cooperation also involved a senior secretary who refused to offer The brand new CEO, Hiroyuki Kumazaki, With all the cellular quantities of many of the senior leadership staff and who initially refused at hand about her organization laptop to him. And when she did, it was identified to are actually cleaned (reformatted to erase all prior data.)

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This began a series of backwards and forwards among Ivan and Hitachi, outlined in its petition, through which Hitachi wished to work out its lawful rights as owners of Fusionex and with Ivan and his Management staff offering different reasons to obstruct this, chief of which was a purported ‘government directive’ that prevented Ivan from sharing delicate knowledge with foreign get-togethers.

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In 2017, Fusionex withdrew the listing of its shares from London Inventory Exchange AIM to be A personal firm, under 5 years soon after its oversubscribed Preliminary general public giving.

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