Adani Group Brand Custodian Aman Kumar Singh Resigns From NDTV Board
Adani group's corporate brand custodian and head of corporate affairs Aman Kumar Singh, who is facing a corruption charge in Chhattisgarh, has resigned from the board of NDTV Ltd due to other preoccupations.
In a stock exchange filing, New Delhi Television Ltd last week said, "Aman Kumar Singh has tendered his resignation from the position of non-executive director of the company, with effect from close of business hours on April 1, 2023, due to his preoccupation with other engagements".
Singh, a former Indian Revenue Service Officer, was a powerful bureaucrat in the Raman Singh-led BJP government in Chhattisgarh and was the principal secretary to the chief minister.
He resigned from service and joined the Adani group in November 2022 as the Corporate Brand Custodian and Corporate Affairs head. And when Adani took control of NDTV, Singh was one of the directors the Adani group appointed to the board of the news broadcaster.
In February 2020, the economic offences wing (EOW) of Chhattisgarh registered an FIR against Singh and his wife Yasmeen Singh in an alleged disproportionate assets case.
The High Court quashed the FIR, but the Supreme Court last month set aside the HC order, saying it was desirable that the High Courts do not quash corruption case FIRs at the investigation stage, even if it is suspected that the case has been registered by a new government against officers of the previous government.
After the Supreme Court order, Aman Singh appeared before the EOW on March 6. A week later, his plea for anticipatory bail was rejected by an additional district and sessions judge court in Raipur.
Singh is the second nominee of the Adani group to have resigned from the NDTV board.
On March 9, NDTV, in a stock exchange filing, stated that Sunil Kumar has resigned as an additional non-executive independent director of the company.
Kumar, a 1979-batch IAS officer, was chief secretary of Chhattisgarh from 2012 to 2014.
JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity
JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more
Private Equity And Banks: The Complex Web Of Leverage
Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more
Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector
The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more
JPMorgan And Small Caps Lead Market Rally: A Sign Of Economic Optimism
In a week marked by strong financial performance, JPMorgan Chase & Co. reported a 25% rise in profits, and US small-... Read more
Big Banks Vs. Regional Banks: The Battle For Market Share
The financial industry is a competitive landscape where big banks and regional banks vie for market share. Each type of ... Read more
The Evolution Of Philanthropic Advisory Services In Private Banks
The landscape of philanthropic advisory services provided by private banks has undergone a significant transformation. T... Read more