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Sincerity Australia Pty Ltd urged Stevia Corp (STEV) shareholders to remove Chairman Over Fraud Allegations

Key Summary: On November 25, 2024, Sincerity Australia Pty Ltd accused Chairman Kenneth Maciora of fraud and mismanagement, urging his removal, an interim Chairman, and stronger governance.

Market Cap: $1.6 million| Stevia Corp., a farm management and healthcare company, focuses on developing plant breeding and agricultural methodologies.

On November 25, 2024, Sincerity Australia Pty Ltd has filed an urgent communication to the shareholders, alleging fraudulent behavior and mismanagement by Chairman Kenneth Maciora. The allegations include a fraudulent $12,000 social media campaign for WNLV, where Maciora received payment but failed to deliver any results. Additionally, Maciora is accused of breaching his fiduciary duties to STEV by engaging in unethical activities outside the company, which could damage STEV's reputation and investor confidence. The proposal urges shareholders to support an independent investigation, the removal of Maciora as Chairman, and the appointment of an interim Chairman with integrity, along with stronger corporate governance measures. Source

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