True here is your pain manas.
I am working in a psu company in india..... And after working 10 yrs i can understand why iimb director has such a reply.
In India any honest person is feared about the most is getting stain on corruption.
Probably iimb people don't entertain out of the box because of that fear.
Still your suffering as well as pain is factual and there are countless similar cases in India.