Conflict of interest? LIC director on Fairfax board as it bid for IDBI

New Delhi: An independent director of Life Insurance Corporation of India (LIC), one of the two sellers of IDBI Bank, was also on the board of a Fairfax-controlled company for more than seven months while the Canadian group was bidding for it, raising serious doubts on conflict of interest. Businessworld reported that Gurumoorthy Mahalingam, a former Reserve … Get the latest updates in Hyderabad City News, Technology, Entertainment, Sports, Politics and Top Stories on WhatsApp & Telegram by sub

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