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Shanghvi's brother-in-law's role at Sun Pharma reduced after scandal
short by Krishna Veera Vanamali / on Wednesday, 29 May, 2019
Sun Pharma's billionaire Founder and MD Dilip Shanghvi's brother-in-law Sudhir Valia has become a non-executive director from whole-time director following a governance scandal. Whistleblower complaints had alleged that Shanghvi-owned Aditya Medisales (AML), a distributor for the drugmaker, made improper loans to firms controlled by Valia. Sun Pharma discontinued its business tie-up with AML.
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