Australia's Leighton Holdings said on Monday the head of its Thiess subsidiary in India has been arrested by police and the main client for its Pakri Barwadih coal mine is attempting to terminate its contract.
Thiess Minecs chief executive Raman Srikanth was arrested on Friday, Leighton said, adding that client NTPC Ltd is in breach of its contract by attempting to terminate it.
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Thiess Minecs, which is 90 per cent owned by Leighton's wholly owned subsidiary Thiess Pty Ltd, has been in dispute with NTPC over the mine for a number of years.
Copyright: Thomson Reuters 2014
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