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BL Premium reports that fishing group Oceana has suspended its CFO Hajra Karrim on a “precautionary basis pending a further process”.
The group did not go into details in a statement on Monday, but has delayed the release of financial results for 2021 after instituting a probe into the accounting treatment of matters pertaining to Daybrook, a US subsidiary of the group, after a whistle-blower raised concerns. Oceana appointed ENSafrica to undertake a comprehensive independent investigation and a review process of all concerns raised by the whistle-blower. In January, Oceana said that the investigation had been concluded. No evidence of “fraud, misappropriation or loss of funds or management override of controls arising from any of the matters raised” had been found. The probe had, however, flagged conflicts of interest arising from relationships within the workplace, as well as matters that “relate to management style, culture and the governance over reporting and managing conflicts in certain areas within the organisation”. Oceana added at the time: “Other matters, that were not within the original scope of the investigation, came to the board’s attention during the course of the investigation and may potentially lead to further remedial action and possible reportable irregularities relating to conduct and behavioural breaches of key personnel.”
- Read the full original of the report in the above regard by Karl Gernetzky at BusinessLive (subscriber access only)
Get other news reports at the SA Labour News home page