Diatla shareholders vote Ledwaba out

LEPHALALE - In a strong worded letter to the media, Lephalale business man, Justice Ledwaba, accused former business partner, Wayne Derksen, of
mismanaging Diatla shareholders’ money.
The letter comes in the wake of a Diatla shareholders meeting that was held on Saturday were Ledwaba was voted out.
The Diatla Investment Holding Company was co-founded by Ledwaba and Derksen in 2012 and both served as directors. On 5 December, Ledwaba and the Diatla board of directors suspended Derksen from his position as CEO and on 10 January his services were terminated. But on Saturday, Derksen convened a meeting with shareholders to expose alleged fraudulent activities on the side of Ledwaba. According to Derksen, 95% of the 700 shareholders, who were present at the meeting, decided to vote Ledwaba out.  The shareholders also appointed a new board of
directors.
In his letter Ledwaba denies any fraudulent
dealings saying: “The meeting on Saturday was nothing but a desperate effort to discredit and personally attack me using mob psychology to prevent me from exposing his [Derksen’s] high level of ignorance and nonexistence [sic] knowledge of running a business.”