Ratings Agency ICRA Sends its MD & CEO Naresh Takkar on Leave Pending Enquiry
Moneylife Digital Team 01 July 2019
Ratings Agency ICRA Ltd says it has sent its managing director and group chief executive (CEO) Naresh Takkar on leave following concerns raised in an anonymous representation shared by market regulator Securities and Exchange Board of India (SEBI).
 
In a regulatory filing, the ratings agency says, "…the board decided…pending the completion of the examination of the concerns raised in the anonymous representation that was forwarded to the Company by the SEBI, to place Naresh Takkar on leave, effective immediately, until further notice." 
 
ICRA said its board of directors has decided to appoint Vipul Agarwal as interim chief operating office. Mr Agarwal will continue to work as group chief financial officer (CFO) as well, the ratings agency said in a regulatory filing.
 
Mr Takkar was appointed as CEO in January 2015.
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