CG Power, hit by fraud, fires chairman Gautam Thapar
- Thapar denied allegations of misappropriating funds of the power equipment maker, which is part of Avantha
- With lenders invoking pledged shares, Thapar’s Avantha Group has a negligible stake in CG Power as on 30 June
Mumbai: The board of CG Power and Industrial Solutions Ltd, which is in the midst of restating its earnings after discovering suspected fraudulent transactions, sacked its chairman Gautam Thapar on Thursday.
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