{"id":13571,"date":"2012-08-16T14:51:28","date_gmt":"2012-08-16T12:51:28","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/cipla-ceo-suspension-wont-impact-financials-chairman\/"},"modified":"2012-08-16T14:51:28","modified_gmt":"2012-08-16T12:51:28","slug":"cipla-ceo-suspension-wont-impact-financials-chairman","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/cipla-ceo-suspension-wont-impact-financials-chairman\/","title":{"rendered":"Cipla CEO suspension won&#8217;t impact financials -chairman"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">CAPE TOWN<\/span> Aug 16 (Reuters) &#8211; Cipla Medpro&#8217;s<br \/>\nsuspension of its chief executive was not based on a major<br \/>\nmonetary wrong-doing, the chairman of the South African drug<br \/>\nmaker said on Thursday.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>Cipla said on Wednesday it has suspended Jerome Smith<br \/>\npending an investigation into &#8216;serious allegations&#8217;.<\/p>\n<p><span><\/span><\/p>\n<p>It has so far declined to identify the allegations, but<br \/>\nChairman Sbu Luthuli told a results presentation that the<br \/>\ninvestigation was not of a major financial nature.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We can&#8217;t disclose the nature and specifics, but I want to<br \/>\nassure everyone that the matter is serious but from a monetary<br \/>\nvalue if you look at the company, it is not material,&#8221; he said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;I want you to be at ease. You are not going to think that<br \/>\nsuddenly there is a 100 million rand missing from the company.&#8221; <\/p>\n<p> (Reporting by Wendell Roelf; Writing by David Dolan)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CAPE TOWN Aug 16 (Reuters) &#8211; Cipla Medpro&#8217;s suspension of its chief executive was not based on a major monetary wrong-doing, the chairman of the South African drug maker said on Thursday. Cipla said on Wednesday it has suspended Jerome Smith pending an investigation into &#8216;serious allegations&#8217;. It has so far declined to identify the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-13571","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=13571"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13571\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}