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Telit overhauls board in recovery mode

Telit overhauls board in recovery mode

Telit Communications (TCM) has a lot of work ahead of it to get its house in order. Following speculation around historical indictments of chief executive Oozi Cats in the US, Mr Cats has formally resigned from following the outcome of an independent review. The review found evidence showing an indictment was issued against Oozi Cats in the US and that this fact was "knowingly" withheld from advisers. 

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