Govt terminates Ranganathan as GAIL director; repatriates him to ED post
The government has terminated ES Ranganathan as director (marketing) of GAIL (India) Ltd and repatriated him as executive director of the company, the state-owned firm said Tuesday.
Ranganathan was in January arrested by the Central Bureau of Investigation (CBI) for allegedly taking bribes to give discounts to some private companies on the petrochemicals products that GAIL sold to them. Following this, he was placed under suspension.
He got bail in March.
In a stock exchange filing, GAIL said it has received a communication from the Ministry of Petroleum and Natural Gas “conveying the decision of the Appointment Committee of the Cabinet (ACC) for premature termination of the tenure of Shri ES Ranganathan from the post of Director (Marketing), GAIL (India) Ltd with immediate effect”.
