

News
Staff At Chi Ltd Holds The Outgoing MD Roy Deepanjan Hostage Due To Alleged Mis-Managed N19.6billion Fraud
Chi Limited a manufacturer of fast-moving consumer goods such as Chivita Fruit Juice…
Published
2 years agoon
Staff At Chi Ltd Holds The Outgoing MD Roy Deepanjan Hostage Due To Alleged Mis-Managed N19.6billion Fraud.
Staff At Chi Ltd Holds The Outgoing MD Roy Deepanjan Hostage Due To Alleged Mis-Managed N19.6billion Fraud
News Report gathered that at Chi Limited a manufacturer of fast-moving consumer goods such as Chivita Fruit Juice, the outgoing Managing Director, Roy Deepanjan, has been accused of mismanaging allowances intended for employee welfare.
Members of the staff were observed blocking Roy on his way to his office in the factory and ordering him to speak to the staff at the ground-floor congress. On Thursday, July 15, the video was shot.
Roy was cautious at first, pointing personnel to a specific ‘Amaka,’ a Human Resource representative, but the workforce was adamant in their demands. They stayed firm, stating that they would not go until he granted their request. Roy eventually succumbed.
“We want our MD to give us our productivity bonus before he goes,” a member of staff was heard saying in the video. “The payment of our HMO has been denied us from what we are supposed to be receiving. All these money, we want them now, before you leave.”
In an announcement by Coca-Cola Africa OU President, Bruno Pietracci, to the staff of Chi Limited, Roy was thanked “for his leadership and commitment from the moment he first joined Chi in 2009”.
“During his nine years as MD, Roy built a successful team, managed the transition into the Coca-Cola system while winning in the market. Under his leadership, the system grew more resilient and the culture of ownership and can-do-attitude prevailed,” read a part of the statement.
“Roy, who spent a significant period time at Chi and more recently as part of the Coca-Cola system, is planning to venture into the world of start-ups, which is best suited to his passion skill setlist.”
Despite the President of Coca-Cola Africa’s statements, an eyewitness reports to our source that the firm chose to let Roy leave due to recent discoveries concerning his participation in how around N19.6 billion meant for employee welfare was squandered.
Roy’s time at Chi will end in July, and Eelco Weber will take over. In the meantime, Sanjeev Kumar has been named to oversee the company’s operations.
Attempts to contact Chi Limited management were unsuccessful, as the company’s official lines were turned down at the time of writing this report.
Meanwhile, the employee revolt is bearing fruit, as the corporation went on Sallah Break for the first time in a long time, something that would not have happened during Roy’s reign.
You may like
When Davido and his Uncle were Spotted Shedding Tears.
The Prime Minister of Poland, as well as leaders from the Czech Republic and Slovenia, have arrived in Ukraine.
Super Tv CEO alleged murderer Chidinma Ojukwu Is Crowned Miss Kirikiri Prison.
Malami and Amaechi are barred from running in the APC primaries under the Electoral Bill.
Heightened Insecurity In Oyo State And The N34b Security Vote Question
After Russia sends troops into Ukraine, oil prices soar beyond $100.

C0P28: Nigeria is Poised to Benefit most from $3 Billion in US Climate Funds.

Kano State sets aside N69m for HIV/AIDS testing tools.

Wema Bank’s Impact Investing: Green and Gender Financing Focus

Walmart halts advertising on Elon Musk’s X.

Abbey Mortgage Bank Hosts Sustainability Workshop with Non-Profit Stakeholders in Abuja

Singapore needs 260K professionals in Tech, Banking, and Engineering.

FACTS ABOUT NNAMDI KANU REARREST THAT SHOULD BE KNOWN

United States President Joe Biden takes Jill Biden for a Bike Ride to Celebrate her 70th Birthday.

Biafra Campaigners: Akufo-Addo asked Tinubu to back Obi and leave to attend to his health-Bayo Onanuga

A man who dumps his wife and children to marry actress Liz Anjorin continues to harass her.

Gloria Mba Survives a Car Accident in the United States
How FirstBank is assisting salary account holders in realizing their dreams

MotoGP makes tyre strategies easier to follow for 2017

President Obama Holds his Final Press Conference

The heart of Nintendo’s new console isn’t the Switch

Dota Pit Season 5 finals preview: Secret, VP have something to prove

Suzuki Unveils Its Entry-Level 2017 GSX-R125 Sportbike

Game of Thrones spending just as long making fewer episodes
Headlines
- Sponsored2 weeks ago
Alh. Akeem Adebayo was sworn in as a member of the Iree Governing Council of Osun State Polytechnic.
- Politics3 weeks ago
Peter Obi Criticizes Tinubu for the N2.17Bn budget, Claiming he is Unaware of Nigeria’s Crisis.
- Business4 weeks ago
Cardoso hosts Khalifa Sanusi, Impact Investing Community.