Suspensions as NCR untangles mess

According to the Times Livereport, Pather has been accused by his own staff of unilaterally altering an information technology contract awarded to Praxis by extending the term from one year - which was authorised by the board - to four years.

Yugasen Naidoo, who is believed to be the cousin of Pather's wife, owns Praxis. Pather's nephew, Denver Naidoo, who joined the NCR as an IT officer is now head of facilities, and has also been suspended.

Pather has also been accused of abusing company resources and of taking his family, with more than 20 members, on a holiday to Spain at the regulator's expense.

For more:

• Times Live: Credit regulator mess
  
• National Credit Regulator: National Credit Regulator.