#GautamThapar joined probe initiated by #MCA to investigate alleged financial irregularities in #CGPower and Industrial Solutions. Sources said he dismissed board's accusations of unauthorised transactions & questioned credibility of report submitted by an independent law firm.
"#MCA’s scrutiny of the Vaish Associates report will expose its fragilities and incompleteness. The report is heavily disclaimed by its authors who have put in disclaimers for over two pages,” a source close to Thapar told ET. #CGPower
Sources close to #GautamThapar said he has sought review and scrutiny of the report submitted by Vaish Associates, and the impact of the report on the shares of #CGPower that have plummeted.
MCA’s scrutiny of the Vaish Associates report will expose its fragilities & incompleteness.Disclaimers for over 2 pages. If full information was made available,preliminary conclusions drawn would be different. https://t.co/XMWGMwF4AS
Sources say Gautam Thapar presented himself before regional Director Mumbai under MCA on September 3; he was asked to respond to concerns raised by CG investors