VK Sharma to take charge as LIC Housing Fin CEO early next week
merisarkar news service
New Delhi, November 26, 2010
Sharma to be CEO LIC Housing Finance
LIC Chairman TS Vijayan ON Friday said that VK Sharma will take over as the CEO of its housing finance arm early next week. Mr. Sharma has been chosen to replace LIC Housing Finance CEO Ramachandran Nair, who was arrested by the CBI on charges of involvement in housing-loan bribery case on Wednesday.
"VK Sharma has been appointed as LIC Housing Finance CEO.He will take charge early next week," Vijayan told reporters in Delhi.
Sharma is currently in charge of LIC's South Zone operations.
LIC had convened an urgent board meeting on Thursday in the wake of the arrest of Nair and the insurer's Secretary (Investment) Naresh K Chopra.
After the board meeting, Vijayan had said that Chandrasekhar, who is the senior most general manager at the LIC Housing Finance, would be the officiating CEO of LIC Housing Finance.
The CBI had on 24th Nov busted the housing-finance racket and arrested eight top officials from banks and financial firms, on charges of taking bribes to grant corporate loans.
