Corporate Governance In Focus As A2Z Infra’s Top Boss Amit Mittal Faces Judicial Custody

Jyoti Rathi May 14, 2026 310 Views

A2Z Infra Engineering has been thrust into the spotlight after its Managing Director cum CEO, Amit Mittal, was taken into judicial custody, raising serious questions around governance, legal exposure and business continuity. The development comes against the backdrop of broader investigations into alleged financial irregularities involving private manpower and infrastructure entities.

According to state Economic Offences Wing and Anti Corruption Bureau updates, Mittal is among a group of private firm executives remanded in connection with alleged irregularities in overtime payments at Chhattisgarh State Marketing Corporation Ltd. He has now been placed in judicial custody following completion of initial police remand, with the probe focusing on billing practices, possible fake invoices and fund flows routed via allied entities.

Legal Case And Allegations

Investigators allege that certain manpower and infra service providers were involved in inflating overtime and manpower bills, diverting funds and distributing illegal commissions within a wider “overtime payment” scam. While specific charges against Mittal and the detailed role of A2Z linked entities will emerge as the case progresses, the move to judicial custody signals that authorities see grounds for deeper scrutiny under anti corruption and criminal conspiracy provisions.

Implications For A2Z Infra Stakeholders

For A2Z Infra shareholders, lenders and clients, the MD cum CEO’s judicial custody raises immediate concerns on leadership stability, reputational risk and potential financial or contractual fallout. The board will be under pressure to clarify interim management arrangements, disclose contingent exposure if any, and reassure markets on project execution. Rating agencies and banks are also likely to monitor the situation closely, particularly given A2Z Infra’s past history of stressed finances and restructuring discussions.