You were appointed as General Manager for Install Direct Company Limited and responsible for direction and management of the Company to comply with the Shareholders intent and to create value and benefits to the company. During these past three years and in particular during October 2015 your actions regarding the purchase and disposal of raw materials in the work of the company has caused damage to the company. Specifically:
1. You purchased materials from BSM for use in projects and did not return excess materials to BSM after projects were completed. This caused inventory to be understated for the company, project costs to be overstated and therefore profits understated.
2. You sold inventory to third parties for scrap without permission and outside your authority.
3. You kept money received from such sale in personal capacity and did not inform the business for one month and only when confronted with such actions you returned the money which is the property of the company.