GAIL
CBI arrests top GAIL official in Rs 50 lakh bribery case
New Delhi: The Central Bureau of Investigation (CBI) on Tuesday arrested five people, including the executive director of Gas Authority of India Ltd (GAIL), in connection with a bribery case, ANI reported.
According to CBI, the arrests were made following a complaint that the accused were involved in bribery of Rs 50 lakh, said the report.
The complaint said that the arrested persons had promised a GAIL project to a person in exchange for a bribe.
The executive director KB Singh, will be interrogated along with other accused persons, said the report.
Meanwhile, the CBI filed a case against Amitabha Banerjee, former CMD of Indian Railway Finance Corporation (IRFC) over alleged irregularities in the purchase and distribution of funds in buying and selling of gold with IRFC funds.
The FIR into the matter reads that CBI has received a complaint that alleges financial embezzlement on the part of officials of IRFC including Amitabha Banerjee, the then CMD of IRFC (Indian Railway Finance Corporation) in connection with procurement/purchase and distribution of exorbitant gold and non-gold items from funds of IRFC.
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