Gautam Thapar denies wrongdoing, blames vested interests for woes
MUMBAI: All transactions were “duly reported” and “recorded” in the minutes of the board meetings at CG Power and Industrial Systems and were done at the instance of the lenders, claimed Gautam Thapar, promoter and former non-executive chairman of the company, in an exclusive interview with ET, his first on-the-record media interaction ever since the issues relating to alleged fund divergence surfaced.
Thapar, who lost control of his flagship business to a private equity investor and his mortgaged home in Delhi to a private bank, was on a visit to Mumbai when ET met him.
