Essar Energy Chairman Ravi Ruia today announced his decision to step down from the post amid CBI claiming that Essar group suppressed facts related to its equity holding in Loop Telecom, an allegation denied by the conglomerate.
Essar Group is surprised and disappointed by the stand taken by the CBI, Essar Energy said in a statement. Meanwhile, Ravi Ruia has voluntarily decided to temporarily step aside as Chairman but would continue as a director of Essar Energy.
From: http://ping.fm/urCoj
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