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The Eastern Cape Development Corporation has announced the suspension of its secretary, advocate Dalubuhle Mbelani.
In a statement issued on Wednesday, the development financier, said that Mbelani has been placed on paid precautionary suspension with immediate effect pending the finalisation of an internal investigation process.
The ECDC says the investigation will look into alleged serious misconduct and gross insubordination.
The ECDC board alleges that Mbelani had failed to cooperate with an internal review of the company secretary function .
He also faces a charge of gross negligence in discharging the duties of the company secretary function thereby compromising the effective and efficient functioning of the Eastern Cape Development Corporation.
The ECDC board says Mbelani's suspension is a neutral act intended to minimise disruption to the business and protect the interests of the employee and the employer while an investigation is being conducted and finalised.