Anar Patel, the daughter of Gujarat chief minister, Anandiben Patel, has opted to resign as a director from Relish Pharmaceuticals.
According to the company’s filings submitted to BSE, as reported by the Livemint, Relish Pharmaceuticals has informed that a meeting of the Board of Directors of the Company will be held on 26 March 26, 2016, “to transact the appointment of Sonal Chandresh Patel as an Independent woman Director of the Company, to accept resignation of Anar Jayesh Patel, from the directorship of the Company, to review the performance of Non-Independent Directors and the Board as a whole, to review the performance of the Chairman of the Company, and to access the Quantity, Quality and timeliness of flow of information.”
Anar was also the chairperson of the company and also conducted day to day management of the company.
On 7 February Jantakareporter.com had reported Anar Patel-owned Relish Pharma’s share values had jumped 100 times since his mother taking office of Gujarat chief minister.
On 14 March we had reported how the Enforcement Directorate had launched probe into allegations of money laundering against one of the investors of Anar Patel’s company, Relish Pharma.
The ED’s decision to probe the charges of money laundering against Yogesh Biharilal Parikh came after www.jantakareporter.com reported last month how the share value of Anar’s firm Relish Pharma had jumped more than 100 times as her mother became Gujarat’s chief minister.