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HomeIndiaCBI recovers Rs 1.30 crore from GAIL director's residence, arrests 5 in...

CBI recovers Rs 1.30 crore from GAIL director’s residence, arrests 5 in bribery case

New Delhi: The CBI has recovered Rs 1.30 crore from GAIL director (advertising) E.S Ranganathan’s residence. CBI searched the Rangnathan’s residence workplace in Delhi and residence in Noida.

The central investigation company has registered a case in opposition to E S Ranganathan, director (advertising) of GAIL, together with a number of different businessmen and personal individuals in an alleged case of bribery of over Rs 50 lakh from personal corporations shopping for petro-chemical merchandise marketed by the PSU, officers mentioned on Saturday (January 15).

On the course of representatives of a personal firm, the intermediary requested Ranganathan to supply some low cost to the patrons on petro chemical, said the central company.

In accordance with the CBI, one other personal individual has additionally collected Rs 40 Lakh from the accused earlier within the matter.
CBI laid a entice and detained a personal individual and a director of a personal firm based mostly at Delhi when the alleged bribe of Rs 10 lakh was obtained by the personal individual from the mentioned director of personal firm allegedly on behalf of Ranganathan.

A number of searches had been performed on the premises of the accused at Delhi, Noida, Gurgaon, Panchkula, Karnal and so on, which led to the restoration of practically Rs 84 lakh, to this point which incorporates restoration of Rs 75 lakh from Gurgaon based mostly personal individual. 
The CBI has to this point arrested 5 personal individuals and additional investigation is underway.

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