Senior GAIL exec arrested, accused of taking bribes in petrochemicals sale
The Central Bureau of Investigation (CBI) has arrested GAIL (India)’s director (marketing) E S Ranganathan in a bribery scandal involving sale of petrochemicals manufactured by GAIL at a discount.
A CBI statement said the investigative agency conducted searches at the premises of the accused in Delhi, Noida, Gurugram, Panchkula and Karnal, among others.
The CBI said that cash of approximately Rs 1.29 crore, gold jewellery and other valuables were recovered during searches from the premises of Ranganathan. He is the sixth person to be arrested in this case.
On Saturday, the CBI said it recovered approximately Rs 84 lakh during searches, which included recovery of Rs 75 lakh from a Gurugram-based person.
