JSW rejects ‘criminal conspiracy’ claims
Oct 17, 2012 | 12:30 PM
| Suresh Nair
MUMBAI, India JSW Steel Ltd. has rejected claims that some of its senior executives were part of a criminal conspiracy involving inflated land purchases, bribery and donations to relatives of the former chief minister of Indias southern state of Karnataka.
The countrys Central Bureau of Investigation (CBI) on Tuesday named company chairman Sajjan Jindal and chief executive officer Vinod Nowal, among others, in a case related to alleged illegal iron ore mining in Karnataka.
Indias Supreme Court-appointed Central Empowered Committee earlier this year asked the CBI to investigate alleged bribery by the company (amm.com, April 23).....
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