Tuesday, February 12, 2008

Adcock boss suspended

(Fin24) - Consumer goods giant Tiger Brands says it will be extending its independent investigation into collusion allegations in its healthcaredivision into all its businesses.


"We will extend this investigation into every single business that we areinvolved in," Tiger Brands' non-executivechairperson Lex van Vught said ina statement.

"We are determined to find and root out any anti-competitive
or collusive practices," he said.


Also, the managing executive of Adcock Ingram Critical Care, Arthur Barnett,has been suspended by the board pending the conclusion of the independentinvestigation.


Van Vught said the company was "devastated" at the allegations.
 

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