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Wednesday, May 13, 2026

Dredging Corp MD, CEO Victor's false claims: MBA from non-existing college, fake salary; suspended from job - The Financial Express

GYV Victor, Managing Director and Chief Executive Officer of Dredging Corp of India, has been suspended for alleged forgery to obtain the top job. The company said in a statement that the documents submitted by Victor were found to be untrue and didn’t support his claim. The ‘wordings’ of experience certificates submitted by Victor were found to be forged. The enquiry into the selection process revealed that Victor had suppressed facts. This in turn means that he didn’t have the qualifications for the position, Dredging Corp said in the statement. After the probe, Victor has been suspended, it said.

Some of the major facts revealed by the investigation showed that Victor had allegedly suppressed the information of his dismissal from Dredging Corp, which happened way back in the year 2000. At that time, Victor was dismissed on disciplinary grounds. This was crucial information as any employee ever dismissed was not allowed to be re-employed by Dredging Corp in any role whatsoever. He had also claimed that he had worked at Amareena Group in the capacity of a director. However, he could never furnish the documents supporting his claim, the company said in the statement.

Another educational falsehood claimed by Victor was his MBA degree from one Indian Institute Management Services. The Dredging Corp enquiry said that no such institute exists in the National Capital. He also claimed to have worked for a company with a Rs 500 crore turnover. At this company, he claimed to have...



Read Full Story: https://www.financialexpress.com/industry/dredging-corp-md-ceo-victors-false-...