Gail Director arrested by CBI in bribery case

The CBI has arrested the director (marketing) of GAIL in a case of allegedly taking bribe of over Rs 50 lakh from perspective beneficiaries of a policy of providing discounts to dealers selling products of the Maharatna PSU, officials said Sunday.

The central agency had conducted searches at eight locations including the office and residence of Ranganathan

New Delhi: The CBI has arrested GAIL Director (Marketing) for accepting a bribe of over Rs 50 lakh from potential beneficiaries of a policy to provide discounts to dealers selling products of Maharatna PSUs, officials said on Sunday. The CBI unearthed the alleged bribery scam involving Ranganathan, middlemen and traders and arrested five people on Saturday.

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 jewelry & other valuables were recovered during searches from the premises of said accused (Ranganathan),” CBI Spokesperson RC Joshi said.

It is alleged that Ranganathan was collecting bribes from prospective beneficiaries of discounts to private companies buying petrochemical products marketed by the Maharatna PSU, officials said

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