Khetarpaul
quits over Udeshi elevation to DG
Mumbai: Reserve Bank of India (RBI) executive director
KL Khetarpaul has resigned on Tuesday in the wake of the
promotion of KJ Udeshi to the position of deputy governor
(DG) of the apex bank, superceding his seniority. "Khetarpaul
has retired, was the response from his office. Responding
to a query on when he had resigned, was told: He
had taken voluntary retirement yesterday (Tuesday) and
demitted office the same evening. According to sources,
Khetarpaul, who was senior to Udeshi by ranking, had one
month of service left and was set to retire at the end
of July. Udeshi was supposed to attain superannuation
the next month, that is in August. If one had to go by
seniority Khetarpaul could have been elevated to the DGs
position, sources added. Udeshi has succeeded GP Muniappan,
who retired on May 31.
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Ex-CSE
President remanded to police custody till June 20
Kolkata: The Chief Metropolitan Magistrate (CMM),
Kolkata on Wednesday remanded Kamal Parekh, former President
of Calcutta Stock Exchange (CSE), to police custody till
June 20. Kolkata Police arrested Parekh on June 10 in
connection with the Rs 120-crore share scam of CSE, on
a complaint made by CSE under Section 120B and 420 of
IPC. The police had arrested many stockbrokers of Kolkata
and Mumbai. All accused apprehended earlier are now on
bail. The arrest of Parekh gives a new complexion to the
investigation of the CSE share scam.
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Lazard
CEO, two top executives quit
Mumbai: Three senior executives, including the
CEO, of investment adviser, Lazard India, have resigned
from the company, apparently to pursue individual goals.
The investment banker is one of the top advisers to the
Government on its disinvestment process. Lazard is helping
the Government sell Shipping Corporation of India and
had advised it in the sale of ITDC hotels.
In a release on Wednesday, Lazard said that the CEO, Ashish
Guha, and managing directors, Sanjay Sakhuja and Amit
Mukherjee, "have advised that they wish to pursue
their individual goals. This will become effective June
30". Guha was the chief adviser to the Government
in the ITDC hotels sale.
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