CBI arrests GAIL director in corruption case

So far, five people have been arrested apart from Ranganathan on allegations of / information 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 petrochemical 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 the accused at Delhi, Noida, Gurgaon, Panchkula, Karnal, etc. 

The agency has recovered Rs 1.2 crore (approx), gold jewellery and other valuables from the residence of Ranganathan.