Mukesh Ambani steps down from Reliance Jio, son Akash named Chairman
Darpan News Desk IANS, 28 Jun, 2022 05:57 PM
Chennai, June 28 (IANS) Mukesh Ambani has resigned as a Director in Reliance Jio Infocomm Limited with the company's Board on Tuesday approving his elder son Akash Ambani's appointment as the Chairman.
In regulatory filing, Reliance Jio, the telecom arm of the Reliance group, said the Board of Directors at its meeting held on Monday "approved the appointment of Akash Ambani, Non-executive Director, as the Chairman of the Board of Directors of the company".
The company also said the Board "noted the resignation of Mukesh Ambani as Director of the company effective from close of working hours on June 27".
The Board also approved the appointment of Pankaj Mohan Pawar as the Managing Director for a period of five years commencing from June 27, subject to shareholders' approval.
The company also said the Board approved the appointment of Raminder Singh Gujral and K.V. Chowdary as Additional Directors, designated as Independent Directors, for a period of five years commencing from June 27, subject to shareholders' approval.
The official added that a case was registered on September 25, 2020, against the private firm and others on the allegations of causing losses to the tune of Rs 2040.63 crore to the consortium of 12 banks led by PNB.
The CBI had registered a case on April 13, 2016 on the request of Chandigarh Administration and had taken over the investigation of the FIR earlier registered at Police Station, Sector-26, Chandigarh.
Bishnoi, who was brought from New Delhi after procuring the transit remand from Patiala House court, was produced in a Mansa court in Punjab at around 4 a.m. amid high-level security after his medical check-up.
The police have also recovered an illegal weapon and live cartridge from the criminal. The accused has been identified as Aakash, a native of Muzaffarnagar in Uttar Pradesh.
The Punjab Police informed Delhi Police that the location of one of the phone numbers was traced to Delhi, and that the accused were changing their locations frequently. Acting on the tip-off, Delhi Police followed the leads obtained through technical surveillance and digital footprints.
