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