SUSPENSION OF BHARAT THAKRAR AND SATYABRATA DAS
WPP-Scangroup Plc (the Company) announces that the board of directors (the Board) has suspended the employment of the Chief Executive Officer, Mr Bharat Thakrar and the Chief Finance Officer, Mr Satyabrata has to allow for an investigation into allegations of gross misconduct and possible offences in their capacity as senior executives and employees of the Company.
The Board has delegated authority to an interim Chief Operating Officer Mr Alec Graham to ensure the continued management of the Company with the support of the Board and the senior executives of the Company’s subsidiaries.
Alec Graham has over 25 years experience in the advertising and communications business working with various companies in the WPP plc group. In due course the Board will consider the appointment of an interim chief financial officer for the Company.
Further announcements concerning this matter will be made when appropriate. For the time being, therefore, shareholders and investors are advised to exercise caution when dealing in the Company’s securities.
WPP Group investigations revealed 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 founded the firm in 1982.
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