Life Insurance Corporation (LIC), the country's largest investment institution, may finally get to see a new chairman as the Central Vigilance Commission (CVC) has allowed the finance ministry to go ahead with the selection process.
The ministry had put the selection on hold pending a report from the CVC, which is investigating corruption charges against two contenders for the top post.
The CVC has told the selection panel headed by the Finance Secretary RS Gujral that it would take some time to complete its inquiry against former chairman TS Vijayan and managing director Thomas Mathew T. It has said that the ministry in the meanwhile can seek clearance from the LIC's central vigilance officer on all the potential candidates and proceed with the selection process.
No comments:
Post a Comment