Fin24 reports Oceana has fired its chief financial officer after she was found guilty of gross misconduct as part of a disciplinary process, which was chaired by a retired judge of the Supreme Court of Appeal.

Hajra Karrim had been suspended since February. Oceana owns canned fish brand Lucky Star and also has a presence in other global markets where it sells fishmeal, fish oil and fish. It further owns a logistics company specialising in cold storage and transport of fish and other food products. Ralph Buddle will continue to serve as Interim Group Financial Officer until a new appointment is made. Former Oceana CEO Imran Soomra resigned shortly after Karrim's suspension. A new CEO, Neville Brink, was appointed last week. PwC resigned as the company's auditor last week, citing a strained relationship with Oceana’s board. Since October last year, the company has delayed the publication of its financial results for the year to end-September 2021 several times due to two accounting issues. A forensic investigation by ENSafrica found no evidence of "fraud, misappropriation or loss of funds or management of override of controls arising from any of the matters raised".

• Read the full original of the report in the above regard at Fin24

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