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Trouble for IFCI chief

New Delhi, Dec. 13 (PTI): Atul Kumar Rai, chief executive officer and managing director of Industrial Finance Corporation of India (IFCI), is in the dock with a parliamentary committee finding him guilty of suppressing facts regarding his appointment in 2007. The parliamentary committee of privileges has recommended a CBI probe into it.

Rai was also found guilty of misbehaving with BJP MP Rajiv Pratap Rudy when he met the official to discuss some issue.

In its report tabled in the Rajya Sabha, the panel, headed by K. Rahman Khan, said, “Rai suppressed factual information pertaining to his appointment as CEO/MD of IFCI.”

Rai was a director in the ministry of finance and was also nominated to the IFCI board.

He had taken voluntary retirement from February 28, 2007 citing personal and family grounds.

 
 
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