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Monday, September 8, 2008

The Economic Times apologises to UST Global

The Economic Times apologised to UST Global for the incorrect story it published. The Bangalore Bureau of ET carried a story on UST Global on Monday, 25 August 2008, about the possibility of the Comcraft Group selling its stake in UST Global.

This report came at a time when UST Global marked its ninth anniversary celebrations over the weekend. This report caused major concern among employees and clients of the company. It was a totally baseless and irresponsible report according to the Sajan Pillai, CEO of UST Global. “The Comcraft Group and UST Global took this up with The Economic Times, and the Chief of Bureau has personally apologised to us for this misrepresentation of the facts by the reporter”, he Said

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