Scandalous firm WPP Scan group has announced a further delay in the publication of their audited financial results for the financial year ended 31st December 2020.
“The delay in the publication of the audited statements has been occasioned by the ongoing investigation that followed the recent senior management changes previously notified to shareholders and the public” WPP Scan group in a press release.
The group had made an announcement earlier on 10th May where they said they would announce a date when they would release the results.
The marketing services firm has been under investigation following the suspension and further resignation of the long-serving and founding CEO Bharat Thakrar.
Mr Bharat Thakrar and his Chief Finance Officer Satyabrata Das were in February suspended by the board over allegations of gross misconduct to allow for investigations.
Preliminary sources said that the CEO Bharat Thakrar is 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 also revealed that Thakrar has also created numerous dummy PR agencies that he uses to steal funds from WPP ScanGroup by invoicing for non-existent works.
Mr Thakrar who founded the firm in 1982, resigned later after suspension as CEO and Board member.
Nonetheless, the group has assured all shareholders they will receive the audited financial results that will reflect the impact of the ongoing investigations on the company’s performance.
The group has said they will release the results the financial results for the period ended 31st December 2020 on 31st July 2021.
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