NISA has dismissed cousin Harris Aslam, 18, and Raza Rehman, 24, who were non-executive directors of the company and fired after a leak of members' data was published by The Sunday Times last autumn. After an investigation carried out by EY and Kroll, Aslam and Rehman were sacked last week. The inquiry looked into public exposure of spreadsheet which contained the details of shopkeepers and online passwords for the upcoming annual meeting at Nisa.
Aslam joined the Nisa board at the age of 16; having left school at the age of 13 to work in his family's grocery business.
Nisa is a mutually owned convenience store supplier and is considered as one of Britain's biggest private companies. Speculations suggests that the timing of the leak was related to the annual meeting in September, causing it to cause trouble within the sector. This linked to Costcutter's cancelling their 27 years old relationship and go into partnership with another wholesaler, palmer & Harvey. This move costed Nisa £500m in sales and has caused disturbance among many of 2,500 Costcutter's shopkeepers.
The convenience sector are in threat from big supermarkets which sees it as growth area remaining to foray in.
