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Entertainment

Escorts Kubota Defends CMD Nikhil Nanda Amid FIR, Calls Allegations ‘Unfounded’

Escorts Kubota has responded to the FIR against its CMD Nikhil Nanda, calling the allegations unfounded.

Escorts Kubota Limited has recently issued a statement addressing the First Information Report (FIR) filed against its Chairman and Managing Director, Nikhil Nanda, and other senior officials. The company asserted that it has not yet received any formal communication from the authorities regarding the case but assured full cooperation in any inquiry or investigation.

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Company Reacts On The FIR

The company expressed concern over the involvement of senior executives in the case, suggesting that their involvement appears to be influenced by factors unrelated to the incident. Escorts Kubota described the allegations as unfounded and emphasised on its commitment, ensuring the facts are properly established.

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Escorts Kubota reconfirmed its commitment to transparency, integrity, and corporate governance. The company stated that it operates in full compliance with all legal and regulatory requirements and has complete faith in the judicial process.

Also Read: Nikhil Nanda Booked In Fraud & Suicide Case: Escorts Kubota Under Scrutiny!

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Appeal To The Public And Stakeholders

In its statement, Escorts Kubota urged all stakeholders and the public to avoid premature conclusions and respect the ongoing investigative process. The company assured that it would continue to engage with the authorities to ensure a fair and thorough inquiry.

This clarification comes after Nikhil Nanda and other officials were named in an FIR related to the alleged suicide of a tractor dealership owner in Uttar Pradesh’s Badaun district. The case has attracted significant public and media attention, with both the victim’s family and the company making their respective claims.

First published on: Feb 17, 2025 08:00 PM IST


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