With immediate effect
Ricoh India announced that as was disclosed by the Company on 29 March 2016, Manoj Kumar (former Managing Director and Chief Executive Officer), Arvind Singhal, Chief Financial Officer and Anil Saini, Sr. Vice President & Chief Operating Officer of the Company were directed by the Board of Directors to proceed on mandatory leave with pay. Subsequently, Manoj Kumar resigned from the Board of Directors and ceased to be the Managing Director. He is presently serving his notice period.Further, a Departmental Enquiry was also instituted against the aforementioned persons and the Board of Directors of the Company in their meeting held on 08 June 2016 have decided to suspend all of the aforementioned persons with immediate effect. Necessary actions, as may be required would follow.
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