New Delhi: The Central Bureau of Investigation (CBI) has arrested E.S. Ranganathan, Director (Marketing) at Gas Authority of India Limited (GAIL), in connection with a bribery case.
This comes after the CBI officials conducted searches at his residence in connection with the alleged bribery case.
The investigating agency officials have also arrested five others in connection with this case.
At least Rs 1.29 crores cash, gold jewellery worth Rs 1.30 crores and other valuables have been recovered during searches from the premises of the accused, according to the CBI, ANI reported.
Earlier on Saturday, the CBI officials conducted searches in Delhi and Noida in connection with the bribery case filed against Ramanathan.
The CBI had earlier filed a case against Ranganathan and others for allegedly demanding and obtaining bribes from private companies in exchange for discounts on petrochemical products marketed by the GAIL.
According to reports, two Delhi-based individuals allegedly acted as middlemen through whom Ranganathan obtained the purported bribes.
The CBI laid a trap and apprehended a private person and a director of a private company based in Delhi when the alleged bribe of Rs 10 lakh was received by the private person from the said private company’s director allegedly on behalf of the Director (Marketing) at GAIL.
GAIL Limited, a government-owned natural gas corporation, comes under the Union Ministry of Petroleum and Natural Gas.