CBI registers case against GAIL Director Ranganathan in bribery case

The case has been registered on the allegations/ informations that the Gail Director was indulged into corrupt & illegal activities in conspiracy, by obtaining bribe from the private companies buying petrochemical products marketed by the GAIL.

Agencies
Searches are continuing at the premises of Ranganthan.
The Central Bureau of Investigation (CBI) has registered a case against E S Ranganathan Director (Marketing) GAIL, and others including private persons, private companies & unknown others.

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 petrochemical products being marketed by GAIL in lieu of illegal gratification. It was also alleged that another 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, which led to recovery of Rs 84 lakh(approx), so far which include recovery of Rs 75 lakh from Gurgaon based private person, the agency said.

Searches are continuing at the premises of Ranganthan. The CBI has so far arrested five private individuals.
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