New updates have been reported about Deel (PC:DEELX)
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Deel, a prominent player in the global payroll and compliance sector, is currently embroiled in a high-stakes legal battle with Rippling, which has accused Deel’s CEO, Alex Bouaziz, of bribery. The lawsuit, filed in Ireland, alleges that Bouaziz bribed a Rippling employee, Keith O’Brien, to act as a spy. Complicating matters, Bouaziz and Deel’s legal director, Asif Malik, have relocated to Dubai, a jurisdiction known for its challenging extradition processes. This move has reportedly hindered Rippling’s efforts to serve legal documents to Bouaziz and Malik, as confirmed by internal communications reviewed by TechCrunch.
The case has drawn attention due to its dramatic elements, with O’Brien’s affidavit describing the alleged bribery scheme in detail. Additionally, Philippe Bouaziz, Deel’s CFO and father of Alex Bouaziz, is also implicated, with claims that he was aware of and oversaw payments to O’Brien. Despite the serious allegations, Deel has denied any wrongdoing in response to the lawsuit. The situation is further complicated by the UAE’s legal environment, which poses challenges for extradition, although the country has recently increased cooperation with international law enforcement. The outcome of this legal dispute could have significant implications for Deel’s operations and reputation, as the company navigates these allegations while maintaining its business activities.