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Showing posts with label Vijayan. Show all posts
Showing posts with label Vijayan. Show all posts

Tuesday, May 3, 2011

LIC CHAIRMAN SURPRISINGLY SILENT OVER SEX OFFENSE IN HIS BHUBANESWAR BRANCH



The Chairman of the Life Insurance Corporation of India, Mr. T.S.Vijayan was served with an ultimatum on 24 November 2008 seeking action against Mr. Nihar Ranjan Tripathy, ADM of the Corporation’s P&GS Unit at Bhubaneswar, who is accused of sexual harassment perpetrated on a lady employee in the premises of the branch office on 16 October 2008. But surprisingly he is silent and the lady employee continues to endure the insult.

Nobody knows since when the LIC of India has developed such culture of recalcitrance in dealing with crimes of passion. But, the way the accused officer is protected till date speaks volumes of how now it sloughs over its legally required duty to protect dignity of its lady employees.

The East Central Zone Insurance Employees’ Association, in its Working Committee meeting held at Patna, Bihar, in a resolution on 28 November 2008, has “unequivocally condemned the uncivilized behavior, use of highly objectionable words, display of body language aimed at outraging the modesty of the lady employee” by Mr. Tripathy.

The resolution goes on to note, “ This meeting notes with serious concern that even though such an ugly and unbecoming incident occurred on 16th October 2008 inside the office premises and that too during the office hours and even though the victim lady …………..Assistant, P&GS Unit, Bhubaneswar has immediately lodged a written complaint with the SDM, LIC if India, Bhubaneswar Division with a prayer to give her due justice, the Bhubaneswar Divisional management has not taken any worth mentioning steps on such a serious matter and has tried to wash off its hands by referring the complaint to a hurriedly constituted Divisional cell. Even after lapse of over one month, the Divisional cell has not started its enquiry let alone investigating the matter. Even the victimized lady’s request to transfer the accused officer from that office so that the enquiry process is not vitiated is not acceded to, which is nothing but blatant violation of the LIC’s CO circular and the verdict of the Supreme Court. Rather, direct and indirect threats are hurled at the concerned lady employee pressurizing her to withdraw her complant. Even the management was made aware of all these by our organization, no step has been taken till date purportedly to shield the erring officer”.

The Employees Association, “while condemning such uncivilized action of the erring officer and the inaction of the management” has demanded that urgent steps be taken to “punish the guilty and give justice to the victim and till then, to transfer the concerned officer from his present place of posting in interest of justice and fairplay”.

The LIC Chairman has been asked to “take note that any delay in taking action against Mr. Tripathy is the same as abating in continuous humiliation and harassment” of the insulted lady. He is surprisingly silent.

Government demotes LIC Chairman Vijayan to MD



MUMBAI: TS Vijayan, the chairman of Life Insurance Corporation of India , has been demoted to the position of managing director following a cash-for loans scam which engulfed the corporation's investment department in November last year.

This is for the first time that any Chairman of LIC has been asked to work as a managing director. Rakesh Singh, an additional secretary in the financial services department of the finance ministry, has been appointed as the acting chairman.

Vijayan's demotion comes within weeks of the finance ministry setting up a committee led by former deputy governor of the Reserve Bank of India (RBI) Vepa Kamesam to probe the investments made by the LIC in the last three years. The committee is expected to make recommendations on the governance standards and investment guidelines of India's largest financial institutions. The LIC's investment corpus is worth 9 lakh crore.

A LIC source said Vijayan may resign from the corporation following the snub by the finance ministry and he will take a decision soon whether to continue as MD for the next two years or not. Sources say the finance ministry led by Pranab Mukherjee is taking a strict view of the cash-for-loan scam which broke our in LIC last November. The CBI had arrested LIC Housing CEO RR Nair for approving loans after taking bribes.

Apart from Nair, those arrested were Naresh K Chopra, Secretary (Investment), LIC, R N Tayal, General Manager of Bank of India (Delhi), Maninder Singh Johar, Director (Chartered Accountant) of Central Bank of India , Venkoba Gujjal and Dy General Manager of Punjab National Bank (Delhi). Rajesh Sharma, CMD of Mumbai-based firm Money Matters Ltd and two of its employees -- Suresh Gattani and Sanjay Sharma-- were among those arrested.

The CBI had alleged that bank officials colluded with the firm to sanction large scale corporate loans, overriding mandatory conditions for such approvals along with other irregularities.

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