“I can confirm that we decided to buy back the shares" RAM
Choppies Enterprises Limited Tycoon, Ramachandran Ottapathu has bought back president Masisi’s shares for an undisclosed some in Arcee (pty) Ltd, a million pula controversial manufacturing company incorporated in 2017.
Arcee attracted controversy when it surfaced in the Choppies 2018 annual report under the ‘Related party transaction’ section.
Soon after that it went on to make news headlines for allegedly raking in over P10 million in payment from Choppies in 2018 for the supply of cleaning detergents.
In 2017 the same Arc...
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