 "Naresh takkar, MD, ICRA")
Domestic rating agency Icra Monday decided to send its managing director and chief executive Naresh Takkar on forced leave, pending an enquiry into the "concerns" raised by the capital markets watchdog Sebi.
The agency has appointed chief financial officer Vipul Agarwal as the interim chief operating officer who will be reporting to the board, according to a statutory filing.
Action against Takkar has been taken "pending enquiry into the concerns raised in an anonymous representation, that was forwarded to the company by the Securities and Exchange Board", said the agency tha is majoirty by international rating agency Moody's.
The action is effective immediately,
