Citu Blasts Management
The Centre of Indian Trade Unions has come down heavily on the SWC management over the issue of shifting of the corporate office from Calcutta to Mumbai.
In a press release issued in the name of the Citu president Niren Ghosh, it has been said that "the company is being stripped of its assets which are being misappropriated by M R Chhabria.''
Ghosh has requested prime minister I K Gujral and CLB to intervene in order to save the company.
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However, a Shaw Wallace spokesperson told Business Standard that the Citu was aware of the fact that the company had shifted its liquor division two years ago, its HRD a year ago and its corporate finance division 6 months ago.
"The SWC management has been obstructed by the AISWEF in its business, but not for a single day has the management delayed paying salaries, bonuses or increments," said the spokesperson.