Ousted CG Power chairman sends legal notice to firm

MUMBAI : Gautam Thapar, the ousted chairman of CG Power and Industrial Solutions Ltd, has accused the company’s board of making selective disclosures to regulators with regard to instances of alleged financial irregularities.

In a legal notice served to the company on 10 September , which was reviewed by Mint, Thapar has sought from the board minutes and video recordings of meetings and emails between senior management and board members alleging misrepresentation of facts led by the company’s current management which is backed by CG Power’s investors and lenders including private equity giant KKR.

Emailed queries to CG Power and KKR remained unanswered until press time on Thursday.