Dr Jamshed J. Irani has resigned as non-executive chairman of the board of directors of Everonn Education Limited following the arrest of Everonn’s managing director P. Kishore by the Central Bureau of Investigation at the beginning of September on charges of bribing an income tax official.
Dr Jamshed J. Irani: distance from Everonn
A company filing with the BSE (Bombay Stock Exchange) stated: "The board took note of Irani’s resignation as chairman of the company and accepted the same while appreciating his valuable services and guidance,” as per The Times of India, September 3, 2011. "I cannot allow my name to be associated with any company where there is stigma,” Irani was quoted by Business India, October 2. "Therefore, I sent in my resignation within a few hours after the news (of Kishore’s arrest) broke.” Irani however made it clear that he was "not passing any judgment on the issue,” adding that distance education is a sure way to solve the country’s literacy problem. Irani had retired from the Tatas on June 2 this year after a 43-year career....