Analysts from other networks have heaped scorn on the statement, calling it a "thinly veiled attempt" by the megacorporation to cast the victims of what looks like a major humanitarian incident in a negative light.
"If the general trends are anything to go by," said Nielaus Oilien, economic analyst for Citadel-1, "then I think mass layoffs or grand-scale pay cuts are the likely culprits rather than any form of competing corporate ineterest. These allegations are frankly ludicrous."
The Chief Executive Panel, meanwhile, has issued a statement claiming that "Kaalakiota have been in dialogue with us ... [they] have assured us that the problem is under control and is being handled."
Latest unconfirmed reports from Kassigainen IV put the current death toll at just over a hundred people.