BANGLORE (PTI) R Ganesh, assistant vice-president of M/S” Fair growth Financial Services
Limited, the company allegedly involved in the Multi-crore Stock scam, was suspended by the
Company’s board here while it’s a vice-president, Srinivasan, has been asked to proceed on leave.
Ganesh, who allegedly made a suicide attempt, is now recovering in a hospital. He was in charge of the company’s money market operations.
Srinivasan, who is in charge of money market operation, Bombay, was stripped of his powers by the board, which met over the past two days,
A board press release expressed Shock and concern at the developments and irregularities in respect of the company’s transactions with Andhra Bank Financial Services Limited and absences of information on these developments by the executive director and managing director to the board.
The release, however, did not reveal the names of the executive director and Managing director. :
Article extracted from this publication >> July 17, 1992
