November 06, 2024 04:50 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Union Minister HD Kumaraswamy booked for threatening cop probing into mining case | Supreme Court upholds validity of Uttar Pradesh Madrasa Education Act | Not all private properties are community resources that govt can take over: Supreme Court | Pakistan's Lahore has become world's most polluted city with an AQI of 1900 on Sunday | Indian Army 'successfully completes' patrolling to a key point in Ladakh's Depsang region

CBI raids unearth corporate espionage racket

| | 13 Mar 2015, 04:00 pm
New Delhi, Mar 13(IBNS) Central Bureau of Investigation (CBI) on Friday raided various places in Delhi and Mumbai to stumble on a racket involving theft and sale of policy papers from the Finance and Commerce ministries.

Reports said CBI has arrested three persons including a CA Khemchand Gandhi and a section officer and an under secretary from the Finance Ministry.

CBI sleuths recovered Rs 60 lakh from Gandhi's office.

The documents were sold to Gandhi for anything between Rs 10 to  Rs. 15000 per document, they said.

Interrogation revealed that  Gandhi used to sell these documents to the officials of these corporate at heavy prices.

These documents were sent through couriers.

The eight corporate houses under scanner in connection with corporate espionage dealing with the information of Finance and Commerce ministries are DLF, Glenmark, Novalead Pharma, HDFC Bank, Modril India, Prime Living, IndusInd Bank and Kakardi British Realty.

Earlier, a racket smuggling and selling information of the Petroleum ministry was busted.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.