An extract from the above news:
In its 1,946-page probe report, ED has accused Sharma of obtaining illegal gratification from the Welspun Group for allegedly allotting land to the company in Kutch at a much lower rate, causing loss to the public exchequer. In return, Sharma’s wife Shyamal got 30% partnership in company’s subsidiary unit Value Packaging and that she was paid Rs 29.5 lakh by the company though she had never visited the office.
Will it anyhow affect the current situation of Welspun Ind?
Disc: Invested.