Brief: Near Intelligence Inc On Oct 1, Board Appointed John Faieta, Company's Controller, To Serve As Company's Interim Cfo

Near Intelligence

05/10/2023 21:38

Oct 5 (Reuters) - Near Intelligence Inc  NIR.O :
    * NEAR INTELLIGENCE INC: ON OCT 1, BOARD APPOINTED JOHN
FAIETA,
COMPANY'S CONTROLLER, TO SERVE AS COMPANY'S INTERIM CHIEF
FINANCIAL OFFICER
    * NEAR INTELLIGENCE - ON OCT 1, BOARD FORMED COMMITTEE OF
BOARD TO
OVERSEE, INTERNAL INVESTIGATION CONDUCTED BY OUTSIDE COUNSEL
    * NEAR INTELLIGENCE -INVESTIGATION IS WITH RESPECT TO
ALLEGATIONS
OF FINANCIAL MISMANAGEMENT & POTENTIAL FRAUDULENT ACTIONS
ALLEGEDLY TAKEN BY CEO & CFO
    * NEAR INTELLIGENCE - ON OCT 1, BOARD PLACED CO'S CEO ANIL
MATHEWS, CFO RAHUL AGARWALAND SHOBHIT SHUKLA, CO’S PRESIDENT  ON
ADMINISTRATIVE LEAVE
    * NEAR INTELLIGENCE - ON OCT 1, BOARD APPOINTED GLADYS KONG,
CO’S
CHIEF OPERATING OFFICER AND SECRETARY, TO SERVE AS CO’S INTERIM
CEO
    * NEAR INTELLIGENCE - CO IS ALSO WITHDRAWING ALL PREVIOUSLY
ISSUED
REVENUE AND ADJUSTED EBITDA GUIDANCE
    * NEAR INTELLIGENCE-NATURE, EXTENT OF ERRORS CONTAINED IN
CO’S
PREVIOUSLY ISSUED FINANCIAL STATEMENTS REMAIN SUBJECT TO
FINDINGS OF ONGOING INVESTIGATION

Further company coverage:  NIR.O 

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