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SAIL directors suspended after Lokpal concludes discrepancies in commercial deals, ET Auto

SAIL Directors Suspended: SAIL also placed 26 Below Board Level officials on suspension. SAIL is under investigation for its dealings with Venkatesh Infra Projects and Avon Steel Industries. The Central Bureau of Investigation (CBI) has been directed to probe these dealings. The Lokpal has also instructed SAIL to formulate a clear and unambiguous policy regarding Memorandum of Understanding (MoU) pricing and relaxation. ....

Avon Steel Industries , Central Bureau Of Investigation , Board Level , Venkatesh Infra Projects , Avon Steel , Central Bureau , Sail Directors Suspended , Lokpal Probe , Steel Authority Of India Limited , Steel Ministry , Steel Authority Of India ,

Lokpal fallout? Government suspends 3 directors of SAIL and NMDC

India Business News: Government orders suspension of senior executives of SAIL and NMDC following a directive from the steel ministry. The decision is a fallout of a Jan 1 ....

Avon Steel Industries , Venkatesh Infra Projects , Venkatesh Infra , Avon Steel , Business News ,