SC Stays Criminal Proceedings Against Azim Premji, Others in Company Merger Case
Summons were issued by a Bengaluru trial court on a frivolous and mischievous complaint filed by an NGO alleging breach of trust and corruption.
Azim Premji. Photo: Reuters
Law18/Dec/2020
New Delhi: The Supreme Court on Friday stayed criminal proceedings against former chairman of Wipro, Azim Premji, and his wife on their plea seeking quashing of the summons issued by a Bengaluru trial court on a “frivolous and mischievous complaint” filed by an NGO alleging breach of trust and corruption in merger of three firms with a Premji group firm.
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Azim Premji heaves a sigh of relief Supreme Court stays criminal proceedings against the Wipro founder for siphoning off crores
Azim Premji heaves a sigh of relief Supreme Court stays criminal proceedings against the Wipro founder for siphoning off crores
Prabhjote GillDec 18, 2020, 17:51 IST
Indian billionaire and Wipro founder Azim PremjiBCCL
The Indian
Indian billionaire Azim Premji that were supposed to kick off tomorrow, on December 19.
Premji and four others have been accused of financial fraud and siphoning of funds to the tune of over ₹13,000 crore by the Indian Awake for Transparency NGO.
According to Premji, the complaints are motivated by personal vendetta under R. Subramanian who is using the NGO as a corporate façade to file frivolous litigation.