New Delhi: The Central Bureau of Investigation (CBI) has arrested GAIL (India) Ltd’s Director (Marketing) ES Ranganathan on Sunday in an alleged bribery and corruption case. The news comes a day after the CBI conducted raids at eight locations, including Ranganathan’s Noida residence and his office, and recovered Rs 1.29 crore in cash, gold jewellery and other valuables. On January 15, the CBI had said in an FIR that Ranganathan is “indulging in corrupt and illegal activities” in criminal conspiracy with two other individuals, who acted as middlemen, by obtaining bribes from private companies for buying petrochemical products marketed by GAIL.
It was further alleged that at the direction of Representatives of Private Company, a private person had requested the Public Servant of GAIL for allowing some discount to the buyers on petro chemical products being marketed by GAIL in lieu of illegal gratification. It was also alleged that other private person has also collected Rs 40 Lakh from the accused earlier in this matter.
CBI laid a trap and apprehended a private person and a Director of a Private Company based at Delhi when the alleged bribe of Rs 10 lakh was received by the private person from the said Director of Private Company allegedly on behalf of Director (Marketing) GAIL.