BusinessCompany NewsPodia sacks FD for gross misconduct

Podia sacks FD for gross misconduct

Sports marketing group Podia has dismissed FD Hatim Dungarwalla for gross misconduct, following his suspension on 31 October 2002 while an investigation into accounting irregularities at its subsidiary TMG UK took place.

Link: Sports group suspends FD

Podia said the dismissal is ‘with immediate effect, without compensation and without notice’.

The group’s financial controller, Colin Ranger, will report to the board regarding finance matters as an interim measure.

Podia has merchandising agreements with a number of Formula One teams, including Williams BMW, Arrows and Jaguar. Share holders included F1 commentator, Tony Jardine.

The shares are currently suspended at 19p, valueing the company at just over £12m.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor