EOH Holdings is suing its co-founder and former CEO, Asher Bohbot, and its former chief financial officer, John King.

TechCentral says it has learnt that EOH has filed civil claims against Bohbot and King in the Gauteng High Court (Johannesburg), seeking R1.66bn from each for damages inflicted on the group due to their alleged failure to deal effectively with governance breaches and malfeasance that have decimated the IT services group’s share price and valuation, not to mention its reputation.

Specifically, EOH is going after Bohbot and King on charges of delinquency, breach of fiduciary duties and breach of contract.

Bohbot and King aren’t the only two former executives EOH is pursuing for damages. It’s also going after its controversial former public sector head Jehan Mackay – for R1.5bn for a breach of fiduciary duties as well as for allegedly making payments to third parties for no work done.

Mackay’s name featured prominently in evidence presented by law firm ENSafrica at the Zondo Commission of Inquiry into State Capture.

EOH has also issued a summons against Ebrahim Laher, who served as head of EOH International, for an amount R1.58bn. He faces claims of negligence and mismanagement.

Civil suits against other individuals may follow as the process unfolds.

At the same time, EOH is in the process of reporting former employees to professional industry bodies, including the Institute of Directors SA, the SA Institute of Chartered Accountants and the Companies and Intellectual Property Commission.

The civil suits are the next step flowing from the investigative work done by ENSafrica into corruption in the group’s public sector contracts.

The civil litigation has been brought with the mandate of EOH’s board of directors.

Full TechCentral report