Govt suspends GAIL director E S Ranganathan after CBI arrest
The government has suspended E S Ranganathan, Director (Marketing) of GAIL (India) Ltd, after his arrest by the CBI over allegedly taking bribes to give discounts to private companies buying petrochemical products from the state-owned gas utility.
The Ministry of Petroleum and Natural Gas on January 17 issued orders suspending Ranganathan from service, pending probe, official sources said.
Ranganathan, who was appointed Director (Marketing) of GAIL in July 2020, was to superannuate in May next year.
The CBI had on Friday evening started searches in connection with discounts that Ranganathan had allegedly promised to private companies in exchange for a bribe of Rs 50 lakh.
