A criminal inquiry has been launched by Britain into the workings of Indian giant Tata Steel that is seeking to sell its loss making UK businesses according to a media report.
In accordance with ‘The Daily Telegraph’, police officers are examining allegations that staff working for the company’s office in Britain may have falsified certificates detailing the composition of its product before sale.
After an internal inquiry, Tata Steel is believed to have referred itself to the Serious Fraud Office (SFO) at its Yorkshire site in northern England.
Read EquityPandit’s Technical Analysis of Indian Stock Market