The World Economic Forum (WEF) today said it will wait for the legal investigation of crisis-ridden Maytas Infra to be completed before deciding on the infrastructure entity's status on its list of prestigious companies worldwide.
The WEF had named Maytas Infra along with 22 other Indian firms on its list of 'Global Growth Companies' published in December last year.
Responding to a question on whether the WEF would exclude the company from the list, an official of the Forum said that it is aware of the allegations surrounding Maytas Infra and the ongoing process.
"As such we would wait until the proper process of legal investigation has taken place before making any comment or taking any action...," a WEF spokesperson told PTI in an emailed statement from Geneva.
The government has initiated an investigation against Maytas Infra for alleged financial irregularities committed by its promoter group -- the family of Satyam Computer founder B Ramalinga Raju.
Moreover, the government has moved the Company Law Board seeking permission to supersede the company's existing board.
Meanwhile, the Forum created the community of Global Growth Companies (GCCs) to highlight the next generation of industry leaders, the spokesperson said.