For CA Manoharan, LVB assignment was the shortest – 9 days

By Venkatachari Jagannathan Chennai, Nov 25 : For 64-year-old chartered accountant, law graduate and Padma Shri awardee T.N. Manoharan, the assignment as the administrator of the beleaguered Lakshmi Vilas Bank (LVB) was the shortest.
Manoharan was appointed as the administrator for LVB on November 17 and his assignment gets over on Thursday, as the Central government has notified the amalgamation of the 94-year old LVB with DBS Bank India Ltd, a subsidiary of DBS Bank, Singapore.
Manoharan, son of freedom fighter T.L. Narayanasamy Chowdhry, became a chartered accountant in 1983 after completing law and post-graduation in commerce.
He was appointed by the government of India as one of the six board members of the scandal hit Satyam Computers in 2009 for restructuring the company.
Manoharan was also appointed by the Reserve Bank of India (RBI) on the board of Sahara to refund about Rs 21,000 crore to the depositors.
“The Satyam Computers assignment went on for 100 days and the Sahara group assignment went on for three years. I was also the Executive Chairman of Canara Bank for five years. But the LVB assignment is the shortest – just nine days,” Manoharan told IANS.