Gail director arrested by CBI in bribery case

NEW DELHI: The CBI has arrested E S Ranganathan, Director (Marketing) of GAIL, in a case of alleged bribery of over Rs 50 lakh for giving discounts to private companies buying petro chemical products marketed by the Maharatna PSU, officials said Sunday
The CBI had unearthed the alleged bribery scam involving Ranganathan, middlemen, and businessmen and arrested five individuals on Saturday, they said.
The central agency had conducted searches at eight locations including the office and residence of Ranganathan, they said.
“Cash of Rs 1.29 crore (approx), and gold jewellery and other valuables (having app value of Rs 1.25 crore) recovered during searches from the premises of said accused (Ranganathan),” CBI Spokesperson RC Joshi said.
It is alleged that Ranganathan was collecting bribes from perspective beneficiaries of discounts to private companies buying petro chemical products marketed by the Maharatna PSU, officials said.