Asa Resources Group controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2017
Fraud allegations involving senior executives
Yat Hoi Nang was dismissed amid fraud allegations, and Zimbabwean authorities reportedly pursued two former executives. Reports also stated that approximately $4.3 million was unaccounted for.
2017
Accounting and asset-reporting allegations
Trading in Asa’s London-listed shares was suspended after allegations of improper accounting of assets held through subsidiaries.
2017
Management and labor disputes at Freda Rebecca
Employees at Freda Rebecca disputed salary reductions and management changes and gave notice of a possible strike. The wider group was also accused of mismanagement by critics and subsidiary stakeholders.