NTT Ltd sues ex-CEO Jason Goodall for millions
its former global CEO, Jason Goodall, in the UK, alleging he had a secret financial interest in a Johannesburg deal that was meant to improve the black economic empowerment rating of the company’s South African arm,Goodall in 2019 approved the sale of Dimension Data’s sprawling headquarters in Johannesburg suburbs at “significantly less” value to a majority black women-owned fund,, in which he had either already invested or at least had a plan in place to invest, NTT alleged in the suit.
“Goodall and the other executives’ conduct in arranging and acquiring their interests in the Identity Fund and concealing and failing to disclose those interests amounts to gross misconduct involving dishonesty,” NTT’s lawyers said in the court filing. Neither Goodall nor Identity Fund responded to messages left for comment. A spokesman for NTT and Dimension Data confirmed that legal action was being taken in the UK and South Africa, declining to comment further.
Goodall’s “fraudulent misrepresentation” means he should repay the US$17.6-million he received as part of his retirement package in 2021, argued NTT and Dimension Data. On 18 January, the UK high court allowed NTT to serve Goodall the court documents, initiating the formalities for the case to proceed.
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