More work for Ashok as CVC probes IOC directors

Vol 17, PW 25 (31 Jul 14) People & Policy

IndianOil chairman B.

Ashok will soon be busy juggling additional responsibilities as the anti-corruption Central Vigilance Commission (CVC) watchdog continues to investigate two new company directors. Incoming director business development (BD) Debasis Sen, 57, won’t be starting his new job on August 1 as planned and will remain Officer on Special Duty (OSD) at IOC’s Delhi office, where he has camped since May 2014, until the CVC clears his appointment.

Until then chairman Ashok will hold the additional BD charge, but all files will still pass through Sen. Ashok took charge as CMD on July 16 and already holds additional charge of the director HR and R&D roles.

“I hope Sen’s appointment is cleared soon,” says an IOC director and colleague. “Any delay will hurt decision making, the director BD post is important, especially as we expand our gas business and tie up an LNG supplier for Ennore.

” Sen was selected on January 24 to replace Ashok Sinha, but the CVC is investigating a fictitious letter alleging he took bribes to fast-track promotions. Likewise incoming director (R&D) Biswapriya Das, 57, who replaces RK Malhotra who retired on June 30, couldn’t start his new job on July 1 because the CVC continues to investigate a tender contract while he was in charge of the IndianOil refinery at Guwahati.