CBI arrests Everonn Education MD on bribery charges

The Central Bureau of Investigation on Tuesday arrested P Kishore, managing director of Chennai-based tech-based education provider Everonn Education, on charges of bribing an Income Tax official with Rs 50 lakh. The Income Tax official – of an additional commissioner’s rank – was also arrested.

A third person, said to have abetted the crime, is also under the CBI custody. News of the arrest came in after stock market hours. The listed Everonn had ended Tuesday marginally down at Rs 439.30.— Our Chennai Bureau