Maruti ex-MD Jagdish Khattar booked for fraud

Former Maruti managing director, Jagdish Khattar, has been booked by the CBI in a case of cheating.The former Maruti boss and his company Carnation have been booked by the CBI under Section 420 of the IPC for causing a loss of Rs 110 crore to the Punjab National Bank .Jagdish Khattar had quit Maruti in 2007 and a year later formed Carnation, a company dealing with car services and used cars business. CBI has filed FIR against Director of Carnation Auto India, Jagdish Khattar(former Maruti MD) and the said company(… https://t.co/TsStjBq6dE— ANI (@ANI) 1577177063000

from Economic Times https://ift.tt/34XN8QE