Best of both worlds for ex-BPCL chairman Sundararajan

Vol 6, PW 16 (09 Oct 02) News in Brief


Sundararajan, who retired as Bharat Petroleum chairman on 30th June, is a lucky man. The day after he stepped down as chairman he joined the Associated Cement Companies as an advisor on a monthly package of Rs300, 000 ($6,250).

He also gets other facilities such as a company-owned, chauffeur driven car. His monthly package at BPCL worked out to a little more than Rs100, 000 ($2,083) per month.

Nothing wrong with that, one might say. Yet several BPCL insiders smell a scandal.

It seems Sundararajan continues to use BPCL facilities as well. For instance, a BPCL-owned chauffeur driven car and several mobile phones on company expense! We are told his contract with BPCL allows him to continue using company facilities for six months after retirement.

Unclear is whether the rules allow him to take up private employment so soon after retirement.