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Everonn scandal gets murkier; chairman resigns
Fp Archives •Everonn Education today said its Chairman Dr Jamshed J Irani has resigned and it has elevated whole-time Director Susha John as Chief Executive Officer in the wake of arrest of its Managing Director P Kishore by CBI in a bribery case.
Thud: Edu-shares Everonn and Educomp hit the skids
Shishir Asthana •While Everon hit the lower circuit, Educomp fell as it had to defer its fund-raising plans. The bigger problem is the sector is getting de-rated.
Everonn MD P Kishore arrested in bribery case
Fp Staff •After several rounds of negotiations , P Kishore convinced the tax sleuth to reduce the taxable income to Rs 60 crore in return for a bribe of Rs 50 lakh.