Kajaria Bathware CFO terminated amid ₹20 crore embezzlement case
after close1 source ↓written by the desknot a recommendation
- embezzlement
- ₹20 crore
Kajaria Ceramics announced the termination of CFO Dilip Kumar Maliwal following a police complaint alleging ₹20 crore embezzlement at its subsidiary, Kerovit Global. The fraud reportedly occurred over two years, involving the misappropriation of funds. This incident raises concerns about governance and financial oversight within the company.
Not investment advice. For informational purposes only.