CBI arrests 3 for irregularities in Akash Missile project

The CBI has arrested three persons in connection with alleged “criminal irregularities” in supply of modem to India’s Akash missile project.

CHENNAI: The CBI has arrested three persons including two former directors of Society for Applied Microwave Electronics Engineering and Research (SAMEER), a central government undertaking, in connection with alleged “criminal irregularities” in supply of modem to India’s Akash missile project.

Cases were filed on Friday under different sections against former directors of SAMEER, S Karunakaran and KR Kini, after the Anti-Corruption Bureau (ACB) had filed cases under different sections of IPC and Prevention of Corruption Act (PCA), a CBI release said. It added that P Rathinavel, director, Sam Shin Precision, Chennai and Bangalore-based Wave Tech Electronics, has also been arrested.

“During the period from 2005 to 2009, Karunakaran abused his official position and showed undue favour to Sam Shin Precision, and awarded the contract of mass production of Integrated Radio Line Modems (IRLMs) to be used in Akash Missile Programme by ministry of defence, eliminating other eligible and reputed private companies,” the release said.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Politics › CBI arrests 3 for irregularities in Akash Missile project
Text Size:AAA
Success
This article has been saved

*

+