my understanding is that only a few years ago the predecessor of PPH (called Pan.............) had gross probs with the regulators and faced huge fines for the same problems PPH now faces, etc.
in that case, using legal loopholes the directors simply shut down Pan........... as a company on the grounds on insolvency. Then immediately launched PPH, with the same directors, products, premises etc etc etc.
summary - PPH should never have been allowed to exist as long as it did.
we are now told the CEO stepped down - what a hero - all of his assets will be well protected and in this case people are not just suffering financial loss, but also very real health risks.
CEO Selim should be immediately charged with endangering the health of the public (or whatever)
