Gail Director E S Ranganathan arrested by CBI in bribery case

Gail Director E S Ranganathan arrested by CBI in bribery case
ET Bureau
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Synopsis

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.

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E S Ranganathan
The Central Bureau of Investigation (CBI) has registered a case against E S Ranganathan Director (Marketing) , and others including private persons, private companies & unknown others. The agency has arrested Ranganathan and five private individuals.

The case has been registered on the allegations/ informations that the Director (Marketing), Gas Authority of India Ltd. (GAIL), Bhikaji Cama Place, New Delhi,( a central PSU), was indulging into corrupt & illegal activities in conspiracy with other accused who were acting as his middleman, by obtaining bribe from the private companies buying petro chemical products marketed by the GAIL.

It was further alleged that at the direction of Representatives of Private Company, a private person had requested the Public Servant of GAIL for allowing some discount to the buyers on petro chemical products being marketed by GAIL in lieu of illegal gratification. It was also alleged that other private person has also collected Rs 40 Lakh from the accused earlier in this matter.

CBI laid a trap and apprehended a private person and a Director of a Private Company based at Delhi when the alleged bribe of Rs 10 lakh was received by the private person from the said Director of Private Company allegedly on behalf of Director (Marketing) GAIL.

Subsequent, searches were conducted at the premises of accused at Delhi, Noida,Gurgaon, Panchkula, Karnal etc. The agency has recovered Rs. 1.2 crore (approx), gold jewellery and other valuables from the residence of Ranganthan.

Others arrested by CBI include Pawan Gaur, N Ramakrishnan Nair, Rajesh Kumar, Saurabh Gupta, resident of Panchkula and Aditya Bansal of Karnal.

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