Dredging Corporation of India suspends MD and CEO G Y V Victor

G Y V Victor, Dredging Corporation of India (DCIL) CEO and managing director, was suspended last Wednesday, pending disciplinary proceedings against him.

Chairman, Visakhapatnam Port Authority (VPA) and DCIL directed chief vigilance officer – VPA & DCIL (CVO) to enquire into the qualifications, experience and other credentials claimed by G Y V Victor in his application against the advertisement for the post of MD & CEO, Business Standard reports.

After going through the application, it was established that there has been suppression of facts, material misrepresentation of facts fake claims and false claims in support of his experience criteria by G Y V Victor in his application and supporting documents.

Victor claimed to be an MBA/diploma holder from India Institute of Management Services, New Delhi, but after probing the matter in detail it was found that no such institute is in existence.

The report by CVO of VPA stated that Victor obtained permission to do PhD from Anna University in regular mode but in contrary he perused PhD in regular mode at another university based in West Bengal and he was claiming to have also been simultaneously working in Amareena Consults (based in Tamil Nadu) and Archirodon based in Dubai. 

Accordingly, Victor was suspended on July 13, 2022, and got ratified by the board meeting held on July 14, 2022.

Further enquiry proceedings will be held and appropriate action taken as per the disciplinary rules of the company.