WPP Scangroup has suspended its founder and long-serving Chief Executive Officer Bharat Thakrar over gross violation.
Thakrar was suspended alongside Chief Finance Officer Satyabrata Das , the board announced on Friday.
"WPP-Scangroup Plc announces that the board of directors has suspended the employment of the Chief Executive Officer, Mr Bharat Thakrar and the Chief Finance Officer, Mr Satyabrata Das 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 said
Shares of the Nairobi Security Exchange-listed firm traded down on the announcement hitting a low of Sh 5.3.
Mr Thakrar who has been the face of Scangroup since August 2006 has been replaced by Chief Operating Officer Alec Graham on an interim basis.
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