Thiruvananthapuram: The cabinet on Wednesday decided to appoint K.M. Abraham the next chief secretary. Dr.Abraham, who is currently additional chief secretary (finance), will replace Nalini Netto, who retires on Thursday. Ms Netto has been appointed Chief Minister Pinarayi Vijayan’s principal secretary.
Dr. Abraham, a 1982 batch officer, will continue in the post till December 31, 2017. He will continue to hold the post of CEO of KIIFB of which he is founding fund manager.
IIT Kanpur of which he is an alumnus, had conferred the Satyendra K Dubey Memorial Award 2016 upon him for displaying highest professional integrity and honesty while serving his duty.
During his tenure with the SEBI, Dr Abraham had exposed the financial irregularities at the Sahara group and passed an order on June 23, 2011 against the Sahara India Real Estate Corporation (SIREC) and Sahara Housing Investment Corporation (SHIC).
Interestingly, Dr. Abraham was not given an extension at SEBI allegedly due to immense political pressure.
