Norway's Telenor Group has asked Mr Sanjay Chandra to step down as Chairman of the board of directors in Unitech Wireless.
Telenor Group, which holds 67.25 per cent in Unitech Wireless, has asked the Indian real estate major to appoint a substitute for as long as the 2G court case goes on.
“Withdrawing from the Chairman position is the most appropriate and decent thing for Mr Sanjay Chandra to do given the current circumstances. It is of vital importance that the running business of our Indian operation is not hampered,” said Mr Glenn Mandelid, Director of Communications for Telenor Group region Asia.
“Telenor has zero tolerance for corruption, and if the CBI trial proves any malpractice, those responsible must be brought to book,” Mr Mandelid added. Telenor and Unitech are already at loggerheads over a rights issue.