August 2, 2010 6:57 pm
Convicted Mahindra retains M&M seat
Shareholders of Mahindra & Mahindra, the Indian industrial conglomerate, have re-elected Keshub Mahindra, a revered business elder, as the company’s chairman in spite of his conviction over his role in the Bhopal gas disaster.
In July, 86-year-old Mr Mahindra, formerly the non-executive chairman of Union Carbide’s Indian subsidiary, was the most senior executive to be convicted of negligence in a court ruling over the industrial accident at the company’s Bhopal pesticide plant in1984.
He and six others face a two-year jail sentence and a fine of Rs100,000 ($2,000) for one of the world’s worst industrial accidents that killed more than 23,000 people. He is on bail and has appealed against the judgment, handed down in Bhopal on 7 June.
Continue reading ft.com: “Convicted Mahindra retains M&M seat”