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Former Managing Director of Maruti Suzuki and founder of Carnation Auto India – an automotive sales and service company – Jagdish Khattar passed away on Monday morning due to a cardiac arrest.
Khattar, who was 78-year-old, was associated with Maruti Udyog Limited from 1993 till his retirement in 2007. Before his association with Suzuki, Khattar served as an IAS officer for 37 years.
He served as the Joint Secretary in the Union Ministry of Steel and at various administrative positions in the Uttar Pradesh government.
CBI, in 2019, had booked him for an alleged bank fraud of Rs 110 crore after Punjab National Bank (PNB) filed a complaint against Khattar in 2019 and his firm Carnation Auto India. Maruti Suzuki chairman RC Bhargava confirmed the news of Khattar’s demise.
“This is a deep personal loss and has come as a big shock. We had worked together for many years. He is someone who had done a lot of good for Maruti,” Bhargava told CNBC-TV18.