Kim Soon Chua assumes the position of principal officer and chief executive officer at AXA Singapore with effect from 1 April 2011
Kim Soon Chua, chief operating officer, Bharti AXA General Insurance, has moved on to a larger role within the AXA group. He has assumed the position of principal officer and chief executive officer at AXA Singapore with effect from 1 April 2011.
Kim Soon has played a very crucial role in fuelling Bharti AXA General Insurance's success in reaching the Rs500 crore mile-stone in its second full year of operations. As COO, he was responsible for distribution, marketing and underwriting. He was amongst the earliest employees at Bharti AXA GI and was instrumental in channelising the company's efforts in the retail segment.
Starting 1 April 2011, Bharti AXA General Insurance has consolidated to a flatter hierarchy structure by getting the sales channels, Business verticals and Marketing teams to report into the chief executive officer & MD Dr Amarnath Ananthanarayanan. This will further strengthen market responsiveness, turnaround times and aid pro-active decision making so that both our partners and consumers can benefit.
Many Indians have raised data security and privacy issues over the ambitious UID number project. Now, even the US is concerned that the number could be issued to terrorists through fake ID
While many citizens and privacy advocates in India have raised serious questions about the unique identification (UID) number, also known as the Aadhaar project, the United States is worried about security aspects of the project.
According to a report based on US diplomatic cables, accessed and published by The Hindu newspaper from WikiLeaks, the US was worried about the possible procurement of UID numbers by extremist groups and their effort to spoof or defeat biometric enrolment by alteration in fingerprints.
"The ostensible reason behind the interest in the US was that the project 'could present a vulnerable target for regional extremist groups-such as Lashkar-e-Tayyiba-who could obtain fraudulent Indian ID cards during the large-scale enrolment for use in travel or as breeder documents to apply for passports'. Hence, the State Department wanted to know what security features would be incorporated in the card, and anti-fraud measures adopted, and if any encryption method would be used," the report said.
The cables, sent on 17 December 2009 from the office of the Secretary of State under the name of Hillary Clinton, asked the US Embassy in New Delhi to find out the motivation behind the (Aadhaar) project and to collect as much information about it as possible.
"Specific instructions were given to Embassy officials to report on any efforts to 'spoof' or defeat biometric enrolment, such as fingerprint alteration," the newspaper report said.
Although, the US has raised apprehensions about the UID number project, there are chances that it may have changed its opinion since. For, at the time, let alone US authorities, many Indian officials were in the dark about how the project would be implemented. Also, today, numerous big-profit organisations-many of them 'influential' companies from the US-have partnered with the UID Authority of India (UIDAI). (Read, "UIDAI's not-so-'clean' partners and their tainted executives".)
Last year, the UIDAI selected three consortia-Accenture, Mahindra Satyam-Morpho and L-1 Identity Solutions-to implement the core biometric identification system for the Aadhaar programme. UIDAI had stated that the three agencies would design, supply, install, commission, maintain and support the multimodal automatic biometric identification subsystem. The three vendors would also be involved in the development of a multimodal software development kit (SDK) for client enrolment stations, the verification server, manual adjudication and monitoring functions of the UID application.
L-1 Identity Solutions, in particular, has names in its top management, or directors, who have been associated with the Central Intelligence Agency (CIA) and other American defence organisations. Over the years, particularly after taking some top-notch 'retired' intelligence and defence officials on board, L-1 Solutions has made rapid progress.
French aerospace and defence systems company Safran, bought L-1 Identity Solutions for about $1.6 billion. After the announcement last September, there was a furore in the US. At the time, one blogger from the US wrote, "Just think about how happy you can feel now knowing that your personal information including your social security number and biometric information (fingerprints, iris scans and digital facial images) may soon be available to a French company. The federal government must sign off on the deal before the deal can be sealed. All this brings us back to the topic of the revolving door that exists between government and corporations."
Interestingly, even as Safran was announcing the deal to buy L-1 Identity Solutions, the UIDAI gave a purchase order worth $24.5 million for fingerprint and iris biometric capturing devices in September 2010. The White House, however, announced the deal during the visit of US President Barack Obama to India in November last year.
Although the concerns raised by the US over the UID card for Indian residents are still valid, it leaves one wondering whether Uncle Sam would pursue these issues even after fulfilling its commercial interests.
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Others who have been charge-sheeted along with Ms Kanimozhi are Kalaignar TV managing director Sharad Kumar, Swan Telecom promoter Shahid Usman Balwa's cousin Asif Balwa, Rajeev Agarwal-directors of Kusegaon Fruits and Vegetables Pvt Ltd-and Karim Murani of Cineyug Films (Pvt) Ltd
New Delhi: The Central Bureau of Investigation (CBI) today filed its second charge-sheet in the second generation (2G) spectrum allocation case naming Tamil Nadu chief minister M Karunanidhi's daughter and MP Kanimozhi and four others as accused, reports PTI.
However, the CBI has not named Karunanidhi's wife Dayalu Ammal, whose name had figured in the 2G probe, as the accused in the supplementary charge-sheet filed before special judge OP Saini.
Others who have been charge-sheeted along with Ms Kanimozhi are Kalaignar TV managing director Sharad Kumar, Swan Telecom promoter Shahid Usman Balwa's cousin Asif Balwa, Rajeev Agarwal-directors of Kusegaon Fruits and Vegetables Pvt Ltd-and Karim Murani of Cineyug Films (Pvt) Ltd.
Ms Kanimozhi has been charged with section 7 and 11 of the Prevention of Corruption Act. The sections deal with acceptance of alleged gratification.
Ms Kanimozhi, Sharad Kumar and Mr Murani have not been arrested by the CBI but Asif Balwa and Mr Agarwal are in judicial custody.
The charge-sheet said the investigation into the case disclosed that money had travelled from DB Realty to Kalaignar TV.
Ms Kanimozhi, Ms Dayalu Ammal and Sharad Kumar, managing director of Kalaignar TV, have 20%, 60% and 20% shares in the channel respectively.
The CBI told the court that Rs200 crore connected with the 2G spectrum scam had travelled from a partnership firm of Swan Telecom promoter Shahid Usman Balwa to Kalaignar TV Pvt Ltd.
The agency which in the first charge-sheet had said the money travelled through a "circuitous route" through Kusegaon Fruits and Vegetables Pvt Ltd, a DB group company and Cineyug Films Pvt Ltd, has maintained the position in the second charge-sheet.
"Investigations have revealed that in furtherance of the conspiracy, Dynamix Realty, a partnership firm of DB Realty Ltd and other DB group companies, paid Rs200 crore to Kalaignar TV Pvt Ltd from December 2008 to August 2009, following a circuitous route through Kusegaon Fruits and Vegetables Pvt Ltd and Cineyug Films Pvt Ltd (DB group holds 49% equity in it)," the CBI had said in its first charge-sheet filed on 2nd April.
The CBI, in its first charge-sheet filed on 2nd April, had said former telecom minister A Raja conspired with top bureaucrats, including a retired IAS officer, and corporate honchos to cause a loss of Rs30,984 crore to the exchequer in the allocation of 2G spectrum.
Besides Mr Raja, the agency had named eight others and three telecom companies.
The agency had alleged former telecom secretary Siddharth Behura, Mr Raja's personal secretary RK Chandolia and Swan Telecom promoter Shahid Usman Balwa and Sanjay Chandra, MD of Unitech Wireless, entered into a conspiracy for manipulating the procedure for allocation of spectrum with the aim of favouring companies like Swan Telecom and Unitech.
Others named in the charge-sheet include Vinod Goenka, director of Mumbai-based DB Realty, which was also the promoter of Etisalat DB, Sanjay Chandra, managing director of Gurgaon-based real estate company Unitech and Unitech Wireless (Tamil Nadu) Pvt Ltd and Gautam Doshi, Hari Nair and Surendra Pipara, group managing director and two senior vice presidents of Mumbai-based Reliance ADAG.
The CBI had charged Mr Raja with cheating, forgery and abuse of official position under the provisions of Indian Penal Code and Prevention of Corruption Act.
All the nine accused, named in the first charge sheet, are presently in Tihar Jail under judicial custody.