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Moody’s India Unit Places CEO on Leave Amid Whistle-Blower Probe

From bnnbloomberg.ca

Moody’s Investors Service’s India unit has asked its chief to go on leave immediately amid its investigation into a whistle-blower complaint that executives at the company interfered to guarantee top ratings for a financier that plunged to default just two months later. ICRA Ltd.’s board has decided to place Chief Executive Officer Naresh Takkar on leave and appointed Group Chief Financial Officer Vipul Agarwal as interim chief operating officer, the company said in an exchange filing Monday evening. The company is examining the concerns raised in the whistle-blower complaint that was sent to it by the regulator. ... (full story)

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