Two senior Tata Steel executives are among 10 people suspended by the beleaguered company over forgery allegations that have prompted a criminal investigation by the Serious Fraud Office.
The Guardian understands that Mark Broxholme, the managing director of the company’s speciality steels and bar business was suspended last November. Andrew Parker, the commercial director of the division, was also suspended and has since left the business.
The potential scandal was discovered when an internal audit by Tata found certificates that verify the quality and composition of its steel may have been falsified. The company then informed the SFO about its findings.
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