EXTRACT: you were advised of the termination of your employment with Swiss Global Management Ltd, Dubai representative office; and the subsequent letter re-confirming the said termination of your employment. Such termination being due to non performance, not meeting the objectives issued by the board of directors and repeatedly issuing assurances to the shareholders and the board that the company was on the brink of a turnaround whereby sales figures were increased and costs decreased in line with the company’s objectives. Following your dismissal and after subsequent investigation of your conduct and the status of tasks allocated to you during the period of your employment. The company has ascertained that despite holding the position of highest seniority, you have acted dishonestly before the board and the shareholders on numerous occasions. These being predominantly by making statements and confirmations to the Chairman and the board that corporate due diligence packs were on the desks of all of the company’s required service providers whereas this did not reflect the true position and regularly providing false sales figure expectations. Furthermore we now have evidence that you had knowingly submitted unjustified expenses claims for payment despite being aware said expenses were not due by the company. The company now deems, in order to protect its interests, that it is both reasonable and necessary to notify you that your employment is therefore now terminated with immediate effect on grounds of gross misconduct in terms of Article 120 of the Labour laws and as such you shall no longer be subject to any notice period. We further wish to inform you that ongoing investigations are taking place and the company reserves the right to lodge criminal proceedings and or take further remedial action if it so thinks fit.