India’s Steel Authority suspends two directors at direction of anti-graft ombudsman

NEW DELHI (Reuters) – India’s state-owned Steel Authority of India has suspended two board directors at the direction of the anti-graft ombudsman, the company said in a statement on Sunday, without specifying the allegations.

The suspension will not affect the company’s performance, Chairman Amarendu Prakash said in a statement.

“Business is being carried out as usual. We are dedicated to uphold the highest standards of corporate governance and ethical conduct,” he said.

(Reporting by Neha Arora; Editing by William Mallard)