Page 2 - Latest Updates on Gautam Thapar
CG Power fraud: Thapar cites board approvals, denies fund misuse charges
CG Power board sacked Thapar after an audit report by Vaish Associates, which itself is based on as many as 23 disclaimers, claimed that Thapar swindled Rs 3,000 crore from CG Power.
 "CG Power fraud: Thapar cites board approvals, denies fund misuse charges")
SFIO begins investigation into CG Power and its 15 group companies
MCA had previously asked its SFIO to probe the affairs of the company along with 15 other firms, including two subsidiaries CG Power Solutions Ltd and CG International BV
 "SFIO begins investigation into CG Power and its 15 group companies")
After sacking Thapar as chairman, CG Power eyes his removal as promoter
Thapar, who was non-executive chairman of the company, was removed by its board on August 29
 "After sacking Thapar as chairman, CG Power eyes his removal as promoter")
PE firm KKR looks to steady ship, focus on controlling debt structures
Didn't expect promoters to 'hollow out' firms, says India head Sanjay Nayar
 "PE firm KKR looks to steady ship, focus on controlling debt structures")
CG Power asks firms linked to promoter Thapar to return Rs 3,300 crore
CG Power reported narrowing of consolidated net loss in July-September to Rs 61.47 crore
CG Power case: SAT rejects Gautam Thapar's appeal against Sebi order
The tribunal directed the capital markets regulator to provide documents with respect to the case, on receipt of Thapar's request
CG Power case: Avantha Group's Gautam Thapar moves SAT against Sebi order
BS Reporter Avantha Group's Gautam Thapar has moved the Securities Appellate Tribunal (SAT) against the order passed by the Securities and Exchange Board of India (Sebi), which barred him from th
 "CG Power case: Avantha Group's Gautam Thapar moves SAT against Sebi order")
CG Power case: Look out circular issued against ex-chairman Gautam Thapar
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
Sebi bans Gautam Thapar, three others from markets over CG Power fraud
Sebi restrained three entities belonging to Thapar-led Avantha Group from diverting their money or disposing of their assets
After Thapar, fraud-hit CG Power sacks CFO Venkatesh for alleged misconduct
The board at its meeting on Friday "terminated the employment of V R Venkatesh as the Chief Financial Officer of the company, for cause, with immediate effect," CG Power said in a regulatory filing
CG Power board removes Gautam Thapar as chairman with immediate effect
The statement said the decision was in cognizance of the current situation being faced by CG Power and the recent developments
CG Power sacks Gautam Thapar as its chairman with immediate effect
CG Power said this decision has been taken in the interests of the company and its stakeholders in discharge of the fiduciary responsibilities of the board
 "CG Power sacks Gautam Thapar as its chairman with immediate effect")
CG Power investors, lenders seek tycoon Gautam Thapar's removal as chairman
Thapar has 8,574 shares out of 62.6 crore shares of the company
CG Power stock crashes 20% after probe reveals fraudulent transactions
Such deals were executed by senior personnel: Audit report
 "CG Power stock crashes 20% after probe reveals fraudulent transactions")
Explained: How Avantha's Gautam Thapar lost control of his companies
Avantha Group fell prey to its ambitious inorganic growth and diversification
