Godfrey Phillips: WhatsApp chats submitted to SFIO by Ruchir Modi show Chairman is in the know (IANS Exclusive)

New Delhi, Nov 7 : In a major twist to the dispute within Godfrey Phillips, Ruchir Modi, Director has submitted Whatsapp chats between himself and Chairman R.A. Shah to the Serious Frauds Investigation Office (SFIO) in the Ministry of Corporate Affairs which show that the Chairman is aware of the conspiracies and illegalities in the company, sources close to the development said.
Sources said the WhatsApp conversations accessed by IANS are between Modi and Shah where Shah is saying that Director and Chairman of Audit Committee Lalit Bhasin is a criminal and merely a rubber stamp of MD Bina Modi. Sources said he is also saying that most independent directors are criminals and are conspiring but the question arises that if the Chairman knows and does not act then what is the nature of his independence.
The chairman is aware of the illegality going on in the company but is acting on it, sources said as the matter reaches the SFIO.
R.A. Shah, Chairman, Godfrey Phillips and Ruchir Modi, Director in Whatsapp messages spread over September and October 2020 are discussing the inner workings of the company and the personnel involved.
Shah seems to be most concerned and disturbed by “criminals pornographing us” in his words and said “Things would be ok if they were made to stop doing that immediately”.
This conversation transpired on September 21 between Shah and Modi when Ruchir Modi says, “Lalit has received multiple messages from you daily which are confusing and make no sense. What seems to be the issue”. Lalit is presumably a reference to Lalit Modi.