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Parliament Puts WPP Scangroup On The Spot Over Racial Discrimination

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4 years ago

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In February, WPP-Scangroup Plc board of directors suspended the Chief Executive Officer, Mr Bharat Thakrar and the Chief Finance Officer, Mr Satyabrata to allow for an investigation into allegations of gross misconduct and possible offences in their capacity as senior executives and employees of the Company.

WPP Group investigations revealed that the CEO Bharat Thakrar was in the habit of luring female staff with treats through expensive business trips, but forces them to sleep with him and pays them for their silence.

The investigations had alleged that Thakrar has also created numerous dummy PR agencies that he uses to steal funds from WPP ScanGroup by invoicing for non-existent works.

However, in September, WPP Scangroup closed an investigation against its former chief executive, Bharat Thakrar, without finding incriminating evidence, raising questions about the reliability of the information it used to push out the company’s founder.

The Nairobi Securities Exchange-listed firm now says that nothing substantial was uncovered in the probe.

“The investigation did not identify items of a material nature that required adjustment to the results of the company or the group for the year ended December 31, 2020 or to the balance sheet at that date,” the company said in a statement.

Meanwhile, the pertinent questions raised raised by the MP above, clearly have violated the corporate governance guidelines for issuers of securities and listed companies by CMA.

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