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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