Siemens Gamesa fired India exec over lack of due diligence in consultancy dealings
CHENNAI: Siemens Gamesa Renewable Energy’s India unit fired a top executive after an internal investigation found he failed to conduct appropriate due diligence when engaging a consultancy with political connections, court filings seen by Reuters showed.
The unit’s former chief operating officer and chief financial officer, R. Venkatesh, disregarded corporate governance processes when dealing with UAP Advisors LLP, according to a June 28 filing in a case where Venkatesh is challenging his dismissal.
