Connect with us

Hi, what are you looking for?

Scangroup CEO Bharat Thakrar and Satyabrata Das (Chief Finance Officer) were suspended from Scangroup on February 19, 2021 to pave way for investigations over gross misconduct.


WPP Scangroup suspends CEO Bharat Thakrar and CFO Satyabrata Das over gross misconduct allegations

NAIROBI, Kenya, Feb 19- WPP-Scangroup has suspended its Chief Executive Officer Bharat Thakrar and Finance boss Satyabrata Das to pave way for investigations over gross misconduct.

The board issued a statement Friday announcing the suspensions but did not provide further details.

“The board has suspended the employment of the Chief Executive Officer Bharat Thakrar and the Chief Finance Officer Satyabrata Das to allow for an investigation into allegations of gross misconduct and possible offenses in their capacity as senior executives and employees of the company,” the board said.

Bharat is the founding shareholder of the WPP-Scangroup and a director of all WPP-Scangroup subsidiaries. 

Alec Graham, the company’s Chief Operating Officer was named CEO in an interim capacity.

It also announced the appointment of a new CEO in an interim capacity as investigations continue on the two managers over possible offenses in their capacity as senior employees.

“In due course the board will consider the appointment of an interim financial officer for the company,” it said and warned investors at the Nairobi Stock Exchange to trade with caution.

“For the time being, therefore, shareholders and investors are advised to exercise caution when dealing in the company’s securities,” it warned.

WPP-Scangroup is a subsidiary of WPP company and is listed on the Nairobi Securities Exchange.

Advertisement. Scroll to continue reading.

It is the largest marketing and communications group operating a multi-agency model across multiple disciplines in Sub-Saharan Africa.

1 Comment

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...


NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...


NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...


NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...


NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...