India's CARE Ratings sends CEO on leave pending inquiry

ICRA

18/07/2019 04:15

BENGALURU, July 18 (Reuters) - India's CARE Ratings Ltd
 CREI.NS  has sent Managing Director and Chief Executive Officer
Rajesh Mokashi on leave until further notice, the rating agency
said in a stock exchange filing https://www.bseindia.com/xml-data/corpfiling/AttachLive/a293c7b7-2b91-4753-b828-d1344151de8f.pdf
 late on Wednesday.
    This comes after concerns raised anonymously were forwarded
to the company by the markets regulator Securities and Exchange
Board of India (SEBI). 
    Earlier this month, the Indian unit of Moody's Investors
Service, ICRA Ltd  ICRA.NS , placed Managing Director and Chief
Executive Officer Naresh Takkar on leave after SEBI forwarded
concerns raised anonymously to the company.  urn:newsml:reuters.com:*:nL4N242337
    CARE Ratings has named Executive Director (Ratings) T.N.
Arun Kumar as its interim chief executive officer.

 (Reporting by Chandini Monnappa in Bengaluru; Editing by
Subhranshu Sahu)
 ((chandini.m@thomsonreuters.com; +91-82-6749-7919; Reuters
Messaging: chandini.m.thomsonreuters.com@reuters.net))