Rajiv Jamkhedkar new CEO of AEGON Religare
New Delhi: AEGON Religare Life Insurance Company Ltd, the joint venture of AEGON NV and Religare, on Tuesday announced the appointment of Rajiv Jamkhedkar as CEO.

Jamkhedkar currently heads Personal Lending at CitiBusiness, which focuses on the SME segment at Citibank.

AEGON and Religare, a Ranbaxy Group company, have partnered to establish a life insurance company in which Religare holds a 44 per cent stake while Aegon has 26 per cent stake.

Bennett & Coleman holds the rest.
Back to News Review index page  

Prosecutors seek 6-year jail for convicted Hyundai chief
Mumbai: Prosecutors have demanded a six-year jail term for Hyundai Motor Co. chairman Chung Mong-koo in his appeal trial against a three-year sentence handed down in February for embezzlement.

Chung's crimes have dealt a serious blow not only to his company, but also to South Korea's image overseas, said a team of three prosecutors arguing the case. The sentence is too light," prosecutor Lee Dong-ryul told the court.

Chung's lawyers have sought a suspended sentence, whereby the Hyundai chief would not serve a prison time unless involved in other crimes. In other words, he will be free on bail and running the world's sixth-largest automaker, sometimes traveling overseas.

In February this year, Chung, 69, was sentenced to three years in jail for breach of trust and embezzling over $100 million worth of funds to set up a slush fund.
Back to News Review index page