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The board of directors of Ricoh India on Wednesday suspended top officials of the company with immediate effect. The company on March 29 had said Manoj Kumar (former Managing Director and Chief Executive Officer), Arvind Singhal, Chief Financial Officer, and Anil Saini, Sr Vice-President & Chief Operating Officer, were directed by the board to proceed on mandatory leave with pay. Subsequently, Manoj Kumar resigned from the board and ceased to be the Managing Director. He is presently serving his notice period. Further, a departmental enquiry was instituted against these persons. Shares of Ricoh India were suspended from trading. It last traded at ₹243.20 on May 25 on the BSE.
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