Scan Group Board Of directors on Friday Suspended two of its top directors over alleged misconduct.
Through a statement, The Board of Directors said that it has suspended the employment of the Chief Executive Officer, Mr Bharat Thakrar and the Chief Finance Officer, Mr Satyabrata Das “to allow for an investigation into allegations of gross misconduct and possible offences in their capacity as senior executives and employees of the Company.”
The board went ahead and delegated Alec Graham to act as the Interim Chief Operating Officer who will run the companies business.
“The Board has delegated authority to an interim Chief Operating Officer Mr Alec Graham to ensure the continued management of the Company with the support of the Board and the Senior Executives of the company’s subsidiaries” The statement reads.
Mr Alec has over 25 years’ experience in the advertising and communications business working with various companies in the WPP plc group.
Shareholders and investors are advised to exercise caution when dealing with the Company’s security.