Businessmen Facing Sharp Scrutiny In India

By SiliconIndia   |   Monday, 28 October 2013, 12:00 Hrs
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Bangalore: Today, more and more corporate leaders are finding themselves under scrutiny. No more the powerful can escape being persecuted, a result of an unfriendly government or crony capitalism. Sometimes, even the innocents are victimized, reports Surajeet Das Gupta, Bhupesh Bhandari & Ruchika Chitravanshi of Business Standard.

Many businessmen have come under the inspection for reasons ranging from scams to bribery.  Recently, Kumar Mangalam Birla found his name in an FIR filed by CBI regarding allotment of a coal mine in Odisha to a Birla company, Hindalco.

Few days later, the CBI found itself investigating eight issues that arose due to a taped telephone conversation of lobbyist Niira Radia with few of the high profiles.

The former managing director of General Motors India and current CEO and managing director of Tata Motors, Karl Slym is having a rough time for regulatory violations that led to recall of Tavera utility vehicle in 2013.

Not far behind is the Mumbai Police who made its fourth arrest in the 5,600 crore settlement crisis at National Spot Exchange. Nilesh Patel, Managing Director of NK Protein and a buyer on the exchange came under the grasp of the Economic Offences Wing of Mumbai Police.  The former arrest included Amit Mukherjee, Assistant VP (business development), Jai Bahukhandi, Assistant VP (warehousing) and Anjani Sinha, CEO.

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