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Going gets tough for Elder Pharma COO

According to the CBI the firm owes over Rs 150 crore to fixed deposit investors and over Rs 1500 crore to lenders and creditors

Aneesh Phadnis  |  Mumbai 

Trouble is mounting for Anuj Saxena, chief operating officer of Elder Pharmaceuticals as the Central Bureau of Investigation has secured a non bailable warrant against him in a bribery case. Saxena is accused of paying bribes to former director general of corporate affairs ministry B K Bansal to hush up an investigation against the firm. Anuj is the younger son of Jagdish Saxena, the late founder of Elder Pharmaceuticals. He has acted in television serials including a popular soap Kkusum. But events in the recent months have not gone according to his script. In ...

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