Care Ratings MD and CEO sent on leave

Care Ratings on Wednesday decided to send its MD and CEO Rajesh Mokashi on leave after an anonymous complaint to SEBI, the rating agency informed the exchanges.

Care said while an inquiry was on following the complaint, the board decided to send Mr. Mokashi on leave with immediate effect, pending the inquiry.

The board of the rating agency has appointed T.N. Arun Kumar, currently the executive director (Ratings) as the interim chief executive officer. “He [Mr. Kumar] will not be a part of the ratings operation to ensure independence of ratings,” Care said.

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Printable version | May 25, 2020 2:50:21 PM |

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