 "Gautam Thapar")
The government has issued a look-out circular against Gautam Thapar, the ousted chairman of fraud-hit CG Power and Industrial Solutions, said senior official.
“We are looking at the gaps in the company’s books. The circular has been issued as a pre-emptive measure,” the senior official added.
The circular has been issued at the behest of the Ministry of Corporate Affairs (MCA), which is currently inspecting the books of the company. The case could be referred to the Serious Fraud Investigation Office (SFIO) if the preliminary inspection report points to a fraud and gaping holes in the books of the firm.
A month ago,
