Thiess executive arrested in India

The head of one of Leighton Holdings Thiess businesses in India has been arrested as part of an ongoing civil case in Singapore.

A senior executive at Leighton Holding's Thiess subsidiary in India has been arrested.

Leighton did not reveal the exact reason for Dr Raman Srikanth's arrest, but said it was part of an ongoing civil case in Singapore.

The Thiess Minecs chief executive was arrested last Friday by the Hyderabad police after local firm Roshni Developers filed a complaint.

Leighton said the arrest relates to civil arbitration proceedings in Singapore that have been ongoing for two years.

"Thiess Minecs has advised the complaint is unfounded and urgent applications are being made to the courts in Hyderabad to dismiss it," Leighton said in a statement on Monday.

"Thiess is supporting Dr Srikanth and providing every assistance to him and his family."


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Source: AAP


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