"This delicate, aristocratic-featured gentleman was a dummy director
and a tool of corporations that secretly robbed widows and orphans.
Sources further stated that a junior contract officer Abdul Rasheed as appointed a dummy director
Human resources and administration metropolitan corporation.
IT has emerged that Hem Prakash Sharma-- a suspected key player behind Aam Aadmi Party's ( AAP) alleged dubious funding-- is a dummy director
in several fraudulent companies.
In finding basis for a claim of breach of duty, Chancellor Strine emphasized that a director cannot be a "dummy director
," as in "a mannequin, somebody who allows themselves to be appointed to something without any serious effort to fulfill the duties." According to the chancellor, an independent director must be able to tackle the various challenges that come with being based in the United States when the corporation and its operations are located overseas, including the language and cultural and other differences that exist.
"Patel was instrumental in getting dummy directors
for shell companies used by Sandesaras," the sources said.
The searches at the Brahmputra group revealed that investments had been made in the name of dummy directors
The Sandesara brothers reportedly controlled these shell and benami companies through dummy directors
. ( ANI )
The Sandesaras reportedly controlled these shell and benami companies through dummy directors
, who were shown as employees of various companies of the Sterling Group.( ANI )
After detection of fraud, he along with Nehal Modi took 50 Kg of gold and substantial cash from Dubai and directed dummy directors
not to reveal his name before the authorities.
The Directors in the said companies were namesake or dummy Directors
, acting on the directions of office personnel of M/s UB Group, who were at the command of Mallya," read a statement.