Story thread · 5 reports / 2 sources

PVR INOX says probe found no kickbacks

economictimes.indiatimes.com · 7dShare

PVR INOX on Monday said a preliminary assessment conducted after anonymous allegations of impropriety against certain employees found no evidence of kickbacks, directly contradicting reports of an alleged Rs 200-crore kickback scandal involving developers of cinema properties.The country's largest film exhibitor also disputed the circumstances surrounding the departure of Pramod Arora, a former senior executive named in the reports, saying he resigned on May 4 for personal reasons and was not asked to leave.The clarification was issued after the National Stock Exchange and BSE sought an explanation from PVR INOX over a media report titled “PVR Inox shares fall 8% amid internal probe into alleged Rs 200-crore kickbacks”.PVR INOX said its two promoters received anonymous communications in early April containing allegations of impropriety by certain employees. The communications, it said, did not explicitly name Arora but used acronyms or initials instead.More importantly, the company sai

First report: PVR INOX executive shown door in April — economictimes.indiatimes.com, 10d