Govt. has power to appoint Independent Directors , ostensibly , to safeguard the Interests of Minority ( Public Share Holders ).
Some prominent persons gave Bags of Money to a politician to get appointed as Directors.
( High denomination notes had been demonetised then also( Rs. 100 , then ,Highest Value ) so ." the Public Interest Directors "had a bit of challenge carting the currency) .So , currency notes were weighed and not counted. 1 kg = Rs. 1/25 lakh .
This was because these Persons knew that in the godowns of the Company were lying large quantities of a chemical which at that time was in acute short supply.
The aspirant Directors had calculated that they would recover their " investment " by selling this product in Black