BML CEO flees the country amidst internal investigations

A source familiar with the matter said the Indian national left as soon as the investigation started.

“He didn’t resign, didn’t tell anyone,” said the source.

“We knew someone complained that he was doing this,” he said, adding that this was the second complaint made by a female BML employee.

“The first girl complained to the assistant manager shortly after Subramanyam began working at the bank,” he said, but added “the story just vanished” shortly after the complaint. The employee is still working at the bank.

Subramanyam “took everything from his office, all his personal effects,” according to the source, and no one has heard from him since.

Police Sub-Inspector Ahmed Shiyam confirmed today neither case has been sent to the police.

BML said a staff member had “reported to the Board alleging improper conduct on the part of the MD and CEO, Mr Ganesan Subramanyam, and the matter is engaging the priority attention of the Board.”

They added “the MD is outside the country” and “a decision about his employment status will be taken after completion of investigations.”

Chief Credit Officer, Ramesh Krishnan, has taken over Subramanyam’s post for the time being, and “normal business is being conducted.”