Goodall in 2019 approved the sale of NTT-owned Dimension Data’s sprawling headquarters in Johannesburg suburbs at “significantly less” value to a majority black women-owned fund, Identity Fund Managers, in which he had either already invested or at least had a plan in place to invest, NTT alleged in the suit.
“Goodall and the other executives’ conduct in arranging and acquiring their interests in the Identity Fund and concealing and failing to disclose those interests amounts to gross misconduct involving dishonesty,” NTT’s lawyers said in the court filing. Neither Goodall nor Identity Fund responded to messages left for comment. A spokesperson for NTT and Dimension Data confirmed that legal action was being taken in the UK and South Africa, declining to comment further.
Goodall’s “fraudulent misrepresentation” means he should repay the $17.6 million he received as part of his retirement package in 2021, argued NTT and Dimension Data. On January 18, the UK high court’s allowed NTT to serve Goodall the court documents, initiating the formalities for the case to proceed.
Today I reach the end of an amazing 23-year journey. It kicked off in 1998 with a start-up,it ends today, as CEO of NTT Ltd, recognised as the world's leading networking company.Thank you to everyone who has walked this journey with me. It’s been a privilege. It's been fun.