Johannesburg – The Johannesburg Stock Exchange (JSE) has imposed a R500,000 superb and a 10-year directorship ban on Anushka Bogdanov, a former non-executive director of EOH Holdings (now iOCO), for falsely claiming to carry a PhD in International Finance from the London Business School.
Bogdanov served as an impartial non-executive director at EOH from June 2019 till her resignation in July 2020.
During her tenure, her curriculum vitae and a proper declaration to the JSE said she held a PhD in International Financial Management and Mathematics from the London Business School.
EOH subsequently found that Bogdanov by no means obtained the claimed diploma, main to an intensive JSE investigation.
Despite a number of alternatives to offer proof, Bogdanov did not substantiate her {qualifications} and ultimately admitted in late 2024 that her PhD was fabricated.
JSE’s Findings and Penalties
The JSE discovered Bogdanov in breach of its Listing Requirements, citing an absence of integrity and moral requirements.
The false qualification led EOH to misrepresent her credentials in public disclosures, damaging investor belief.
As a outcome, the JSE issued:
- A R500,000 superb
- A 10-year ban from holding directorship roles in JSE-listed firms
Broader Implications
This case highlights the significance of transparency and accountability in company governance.
The JSE’s choice reinforces its dedication to upholding moral requirements and sustaining market integrity.
Bogdanov’s censure serves as a warning to company leaders in regards to the extreme penalties of misrepresentation in South Africa’s monetary sector.
*This article first appeared in our sister publication techfinancials.co.za
