The Oil Ministry has suspended ONGC Director (Technical) Shashi Shankar over allegations of irregularities.
The ministry yesterday wrote to Oil and Natural Gas Corp that a disciplinary proceeding against Shankar is being contemplated.
"The competent authority in exercise of the powers conferred under ONGC Conduct, Discipline and Appeal Rules, 1994, has placed Shashi Shankar, Director (T&FS) ONGC, under suspension with immediate effect," the company said in a regulatory filing.
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Shankar, who turns 54 on Monday, is the youngest director on the board of the nation's most profitable oil company. He was appointed Director (Technical and Field Services) on February 1 last year.
While the exact reason for the move is not yet clear, sources said there were allegations of tender irregularities, which the vigilance department is now probing.
