R K Singh, the chief executive of Essel Group's on-line lottery division Playwin Infravest Pvt Ltd, is likely to resign from the Zee/Essel group. According to informed sources he is "on leave" for an indefinite period and is believed to be "evaluating other options".
Denying the report, company sources said that Mr. Singh is still very much a part of Zee and is on leave and has not put in his papers yet.
Mr. Singh joined Zee Telefilms after successful stints with the government and later as the country head of ESPN India. He was instrumental in setting up ESPN's operations in India in the mid-90s.
Late last year, Singh was made the chief executive of Playwin Infravest Pvt. Ltd, a company set up to tap the on-line lottery business. The company, which had bagged the rights to introduce on-line lottery in Karnataka and Sikkim, had also appointed Ernst & Young as business advisors and security auditors for the on-line lottery venture.
Source: Business Standard