Via PTI
NEW DELHI: The CBI has arrested the director (advertising) of GAIL in a case of allegedly taking bribe of over Rs 50 lakh from standpoint beneficiaries of a coverage of offering reductions to sellers promoting merchandise of the Maharatna PSU, officers stated Sunday The CBI had unearthed the alleged bribery rip-off involving Ranganathan, middlemen, and businessmen, and arrested 5 people on Saturday, they stated.
The central company had carried out searches at 8 places together with the administrative center and place of abode of Ranganathan, they stated.
“Money of Rs 1.29 crore (approx), and gold jewelry & different valuables had been recovered throughout searches from the premises of stated accused (Ranganathan),” CBI Spokesperson RC Joshi stated.
It’s alleged that Ranganathan used to be accumulating bribes from standpoint beneficiaries of reductions to non-public corporations purchasing petro chemical merchandise advertised by means of the Maharatna PSU, officers stated.