Claims of mismanagement are being levelled against former Chief Executive Officer of Altus Health Medicine Clinic (AHS) Inshan Meahjohn. Meahjohn, who is chairman of the Green Fund Advisory committee, is being accused by former colleagues of leaving AHS bankrupt with the company swimming in more than $1 million in debt.
Sources say the sudden exit of Meahjohn and three other directors when the company was in a financial bind "was irresponsible". The Green Fund is the national environmental fund which offers grants to community groups and organisations involved in remediation, reforestation or conservation of the environment. The fund is worth an estimated $2 billion.
An independent audit conducted shortly after Meahjohn's exit revealed "there was no monies remaining in the accounts and the company suffered from poor management". Sources say AHS, which operated from a hotel in St Ann's, is indebted to the hotel for more than $300,000 in rent, while some employees are owed over $100,000.
Other debts accumulated are yet to be paid. In a television interview on March 27 last year, Meahjohn hailed AHS as a successful entity. He said the market for health is not affected by any economic concerns and planning for such a business took close to two years.
When contacted by Sunday Guardian, Meahjohn said following his departure from AHS he signed a non-disclosure agreement and several of the claims raised against him could not be discussed. He denied claims that he ran the company into bankruptcy then left. He also said he was unaware the company was performing poorly
He did, however, say: "I left (the company) on August 2. The company was undercapitalised at the start and I did the best I could." However, people close to Meahjohn claimed he was not at fault for the business being bankrupt. "He (Meahjohn) was supposed to be there for a year. Instead he spent two years in the company after being given the assurance that the capital needed to take the business forward would be provided," the person said.
Adding the company required $2 million to start up and was only given $300,000, one source said Meahjohn ran the company on a cash flow.
What is AHS
AHS offers prevention, diagnosis and treatment for a wide range of medical areas. They focused on cardiac rehab, sports therapy and rehab, neurological physical therapy, massage therapy and chronic pain management.
