Sanjay Chandra, the chairman of Indian mobile operator Unitech Wireless, has resigned, becoming the latest casualty of the 2G scandal.
This comes after pressure from Norwegian incumbent Telenor, which together with local real estate group Unitech owns…
Sanjay Chandra, the chairman of Indian mobile operator Unitech Wireless, has resigned, becoming the latest casualty of the 2G scandal.
This comes after pressure from Norwegian incumbent Telenor, which together with local real estate group Unitech owns the JV, to step down after he was among the nine people charged by the Central Bureau of Investigation as part of its investigation into the scam.
According to the Business Standard, Unitech Infrastructure CEO Jayesh Desai is on track to become interim chairman, assuming that this is approved by a Unitech Wireless board meeting scheduled for this week.
A spokesperson for Telenor was quoted welcoming the decision, emphasising that it was only seeking the replacement of Chandra until the resolution of the 2G scandal.
Last week, Telenor stated: “It is of vital importance that the running business of our Indian operation is not hampered.
Chandra, along with three executives from Reliance Anil Dhirubhai Ambani (ADA) group and a director at real estate group DB Realty, has seen his bail hearing deferred, meaning that they will reportedly remain in judicial custody for the time being.
