DB Realty appoints Krishna Goenka, Usman Balwa as additional directors

Real estate company DB Realty on Monday said it has appointed Krishna Murari Goenka and Usman Balwa as Additional Directors of the company with effect from April 21.

In a filing to the Bombay Stock Exchange, DB Realty said: "The Board of Directors of the company at a meeting held on April 21 has appointed Krishna Murari Goenka (father of Vinod Goenka, promoter) and Usman Balwa (father of Shahid Balwa, promoter) as additional directors of the company with effect from April 21".

Further, the company has also taken on record in the same meeting the resignation of Michael McCook, from directorship of DB Realty, it said.

Meanwhile, a Delhi Court had on April 20 rejected the bail pleas of five corporate executives, including Swan Telecom Director Vinod Goenka, named by CBI as one of accused in the 2G scam. Following the court order, all the five executives were arrested by the Central Bureau of Investigation and taken to Tihar Jail in New Delhi.

DB Realty had said its managing director Vinod Goenka not getting bail in the 2G spectrum scam will not have any impact on company's operations.

Swan Telecom (Etisalat DB) is a joint venture between DB Realty and UAE-based Etisalat. DB Realty's former managing director Shahid Balwa is already in Tihar jail in the 2G spectrum case.