Karnataka High Court rejects plea seeking criminal action against Azim Premji, others for alleged misappropriation of funds

It was the complaint of the petitioner that Premji and others, being directors of various companies, were carrying on non-banking financial business in the said companies without registration under RBI Act.
Karnataka High Court and Azim Premji
Karnataka High Court and Azim Premji

The Karnataka High Court recently dismissed a petition seeking directions to Reserve Bank of India (RBI) to register a criminal case against Wipro founder, Azim Premji and others under the RBI Act for misappropriation of funds.

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