<p>The Oil Ministry has suspended ONGC Director (Technical) Shashi Shankar over allegations of irregularities.<br /><br /></p>.<p>The ministry yesterday wrote to Oil and Natural Gas Corp that a disciplinary proceeding against Shankar is being contemplated.<br /><br />"The competent authority in exercise of the powers conferred under ONGC Conduct, Discipline and Appeal Rules, 1994, has placed Shashi Shankar, Director (T&FS) ONGC, under suspension with immediate effect," the company said in a regulatory filing.<br /><br />Shankar, who turns 54 on Monday, is the youngest director on the board of the nation's most profitable oil company. He was appointed Director (Technical and Field Services) on February 1 last year.<br /><br />While the exact reason for the move is not yet clear, sources said there were allegations of tender irregularities, which the vigilance department is now probing. <br /></p>
<p>The Oil Ministry has suspended ONGC Director (Technical) Shashi Shankar over allegations of irregularities.<br /><br /></p>.<p>The ministry yesterday wrote to Oil and Natural Gas Corp that a disciplinary proceeding against Shankar is being contemplated.<br /><br />"The competent authority in exercise of the powers conferred under ONGC Conduct, Discipline and Appeal Rules, 1994, has placed Shashi Shankar, Director (T&FS) ONGC, under suspension with immediate effect," the company said in a regulatory filing.<br /><br />Shankar, who turns 54 on Monday, is the youngest director on the board of the nation's most profitable oil company. He was appointed Director (Technical and Field Services) on February 1 last year.<br /><br />While the exact reason for the move is not yet clear, sources said there were allegations of tender irregularities, which the vigilance department is now probing. <br /></p>