New Delhi: Norway’s Telenor said on Wednesday it has requested its India joint venture chairman Sanjay Chandra to step down from his post, following police charges against him in a multi-billion dollar telecom licensing scandal.
Chandra is the managing director of Unitech Ltd, which is Telenor’s partner in their India mobile joint venture Unitech Wireless. Telenor owns a controlling stake in the venture.
Telenor said in a statement it had asked Unitech to name a replacement for Sanjay Chandra for as long as the 2G telecom court case is ongoing in India.
A court earlier on Wednesday rejected bail applications of five executives, including that of Chandra.
A lawyer for the Central Bureau of Investigation (CBI) said the executives would remain in jail until a superior court granted bail.