TSX:DHT.UN - Post by User
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divime1on Jul 09, 2024 8:41am
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From the Globe
From the Globe 2024-07-09 08:15 ET - In the News
The Globe and Mail reports in its Tuesday, July 9, edition that DRI Healthcare Trust chief executive officer Behzad Khosrowshahi, who is part of a well known Iranian-Canadian family, has resigned after news of a probe of potential irregularities amounting to at least $7.5-million in expense reimbursements. The Globe's David Milstead writes that DRI Healthcare Trust units took it in the chin Monday, shedding $4.07 to finish on the Toronto Stock Exchange at $11.17.
The trust said Mr. Khosrowshahi also resigned as CEO of DRI Capital Inc., the investment company that manages the trust. DRI Capital is owned by Persis Holdings, the family holding company for Mr. Khosrowshahi's parents Hassan Khosrowshahi and Nezhat Khosrowshahi, the founders of electronics retailer Future Shop. Persis Holdings lists Hassan Khosrowshahi and Behzad Khosrowshahi as its top two executives.
Behzad Khosrowshahi was 54 at the time DRI Healthcare Trust released its annual management information circular in late March. The trust also said Monday that Chris Anastasopoulos, the chief financial officer of both DRI Healthcare Trust and DRI Capital, has been suspended with pay, pending the outcome of the investigation.