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Steel News January 22, 2024 11:30:28 AM

Steel Authority Suspends Two Directors at Direction of Anti-Graft Ombudsman

Paul Ploumis
ScrapMonster Author
The suspension will not affect the company's performance, Chairman Amarendu Prakash said in a statement.
Steel Authority Suspends Two Directors at Direction of Anti-Graft Ombudsman

SEATTLE (Scrap Monster):  India's state-owned Steel Authority of India has suspended two board directors at the direction of the anti-graft ombudsman, the company said in a statement on Sunday, without specifying the allegations.

The suspension will not affect the company's performance, Chairman Amarendu Prakash said in a statement.

"Business is being carried out as usual. We are dedicated to uphold the highest standards of corporate governance and ethical conduct," he said.

Courtesy: www.business-standard.com

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