Re: Turnaround - Royal Imtech
?Pero a que se ha debido esta bajada de golpe, a lo mejor por las news que publico ayer Royal?:
Added on: 04 November 2014
Since the discovery in February 2013 of past irregularities Imtech has adopted a policy of actively investigating issues that are brought to its attention from time to time, communicating openly on findings if warranted and always cooperating with authorities if applicable. In general these issues relate to the past. Often Imtech is not able to comment on speculation in the media, in particular when issues are being brought to the attention of the media prior to the conclusion of the investigations.
This is also the case with allegations of possible competition law violations in the period 2008-2010 which Imtech received recently through a whistleblower on two projects in the Energy sector performed by the German organization. Investigations were immediately started by our GRC (Governance, Risk and Compliance) department, assisted by external investigators and advisors. So far the investigations have not confirmed competition law violations. However, the investigations are still ongoing.
Unfortunately, issues or allegations from the past might continue to come up. That is a reality that Imtech has to deal with. It is the firm commitment of Imtech’s new management to properly deal with these legacy issues.