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.
