News: Faber-Castell files for damages against former executive

Strategic HR

Faber-Castell files for damages against former executive

The German stationery maker, Faber-Castell has filed for damages against its former executive, Anup Bhaskaran Rana, for helping rival businesses amounting to Rs. 75 crore. In a case filed in Bombay High Court, the stationery maker states that Rana, who was the former MD, colluded with competitors, such as Shachihata India, resulting in losses of 75 crore.

The German stationery maker, Faber-Castell has filed for damages against its former executive, Anup Bhaskaran Rana, for helping rival businesses amounting to Rs. 75 crore. In a case filed in Bombay High Court, the stationery maker states that Rana, who was the former MD, colluded with competitors, such as Shachihata India, resulting in losses of 75 crore.

Read the Economic Times news report here.

Read full story

Topics: Strategic HR, #Current, #Corporate

Did you find this story helpful?

Author

QUICK POLL

How do you envision AI transforming your work?

Be Heard: Share Your Feedback and Recommend Our Content!

01
10
Selected Score :