{"id":387647,"date":"2020-12-04T08:39:19","date_gmt":"2020-12-04T03:09:19","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=387647"},"modified":"2020-12-04T09:23:57","modified_gmt":"2020-12-04T03:53:57","slug":"siemens-gamesa-fires-top-india-exec-over-lack-of-due-diligence-in-dealings-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/siemens-gamesa-fires-top-india-exec-over-lack-of-due-diligence-in-dealings-2\/","title":{"rendered":"Siemens Gamesa fires top India exec over lack of due diligence in dealings"},"content":{"rendered":"<p>Siemens Gamesa Renewable Energy&#8217;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. <\/p>\n<p>The unit&#8217;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. <\/p>\n<p>&#8220;Significant sums of money were paid to UAP without any diligence whatsoever and without even ascertaining proof of performance,&#8221; Siemens Gamesa said in the filing, describing UAP as having strong links with &#8220;politically exposed&#8221; persons.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Siemens Gamesa Renewable Energy&#8217;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&#8217;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. &#8220;Significant sums of money were paid to UAP without any diligence whatsoever and without even ascertaining proof of performance,&#8221; Siemens Gamesa said in the filing, describing UAP as [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-387647","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/387647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=387647"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/387647\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=387647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=387647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=387647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}