Cairn CEO wants to meet Sitharaman on arbitration award
NEW DELHI : Cairn Energy Plc CEO Simon Thomson has said he expects to meet Finance Minister Nirmala Sitharaman next week in an attempt to get India to ‘swiftly’ honour a $1.4 billion tax verdict.
Last month, the Edinburg-based firm had written to the government saying it would be forced to seize Indian government assets if New Delhi fails to pay it $1.4 billion after losing a bitter dispute over retrospective taxes.
“Cairn Energy CEO Simon Thomson is looking forward to meeting the Government of India Finance Minister in Delhi next week,” the company tweeted with a video of the chief executive urging a swift honour of the tax verdict.
