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ranganathan: Gail director arrested by CBI in bribery situation – Hourly Prime Information


NEW DELHI: The CBI has arrested E S Ranganathan, Director (Marketing) of GAIL, in a scenario of alleged bribery of around Rs 50 lakh for giving bargains to non-public providers getting petro chemical goods promoted by the Maharatna PSU, officials explained Sunday
The CBI experienced unearthed the alleged bribery fraud involving Ranganathan, middlemen, and businessmen and arrested five persons on Saturday, they said.
The central company had conducted lookups at eight areas like the workplace and residence of Ranganathan, they reported.
“Cash of Rs 1.29 crore (approx), and gold jewelry and other valuables (acquiring application price of Rs 1.25 crore) recovered during searches from the premises of mentioned accused (Ranganathan),” CBI Spokesperson RC Joshi stated.
It is alleged that Ranganathan was collecting bribes from perspective beneficiaries of reductions to private corporations shopping for petro chemical products and solutions marketed by the Maharatna PSU, officials reported.
It is alleged that Ranganathan was “indulging into corrupt and illegal routines in prison conspiracy” with middlemen Pawan Gaur and Rajesh Kumar who is also director of Rishab Polychem Pvt. Ltd dependent at Bahudargarh Road, Delhi.
Kumar and Gaur allegedly acted as Ranganathan’s middlemen by obtaining bribe from the personal corporations obtaining petro chemical merchandise promoted by the Gas Authority of India Ltd (GAIL), the FIR alleged.
Based mostly on information and facts of 1 such bribery exchange, the CBI teams experienced performed a lure procedure in which two middlemen Gaur and Kumar had been nabbed with the bribe amount of money of about 10 lakh which was gathered on behalf of Ranganathan, the CBI has alleged.
Later on, Nair, Gupta and Bansal had been also taken into CBI custody.
Next the registration of the circumstance from Ranganatha and other people on Friday, the CBI experienced performed lookups at about 8 locations in Delhi-NCR together with Ranganathan’s business office at Bhikaji Kama Location in Delhi and his residence in Sector 62, Noida.
Besides Ranganathan, the company has also booked middlemen Gaur and Kumar, N Ramakrishnan Nair who experienced allegedly collected bribes, businessmen Saurabh Gupta and his Panchkula-dependent organization United Polymer Industries and Aditya Bansal and his firm Karnal-centered Bansal Company, they explained.
“Subsequent, searches were being carried out at the premises of accused at Delhi, Noida, Gurgaon, Panchkula, Karnal etc, which led to restoration of Rs.84 lakh(approx), so much which include things like restoration of Rs 75 lakh from Gurgaon-based mostly private man or woman. Searches are continuing at the premises of public servant,” Joshi had reported.
Resources had informed the CBI that at the way of Kumar, Gaur experienced questioned Ranganathan for enabling some lower price to the customers on petro chemical merchandise being promoted by GAIL in return of illegal gratification.
It is alleged that Kumar and Gaur achieved Ranganathan at his Noida home on December 11 last year for talking about the proposal, the FIR alleged.
Two times later on Gaur informed Kumar that proposal of discounts is being considered in GAIL, the FIR alleged.
In order to arrange bribes, Kumar acquired in touch with other possible beneficiaries of discounted, soon after the remaining determination is taken in GAIL on issuance of the discounted order. Gaur, Kumar and Ranganathan again achieved at a 5 star hotel in Delhi on December 14 to focus on it even more.
“Supply has even more knowledgeable that on December 17, 2021, Rajesh gathered the demanded bribe amount from beneficiary private functions and shipped it to Gaur for Ranganathan. Source has even further knowledgeable that on December 18, 2021, on the direction of Ranganathan, Nair…has gathered the reported quantity of Rs. 40 Lakh from the home of Gaur. Thereafter on December 20, 2021, Gaur pursued Ranganathan for issuance of buy, on which he experienced informed him that he would signal immediately after returning from Mumbai,” an official said.
Kumar allegedly roped in two far more point of view beneficiaries — Gupta and Bansal — and certain them for shelling out bribe in trade for the favourable orders, the FIR alleged.
Kumar on January 13 instructed Gupta to fulfil his facet determination for issuance of price cut purchase from GAIL and set forth alleged need of Rs 12 lakh from Ranganathan, it alleged.
Gaur also advised Gupta to send revenue at the earliest right after which he allegedly paid Rs a few lakh to Kumar whilst remaining was to be despatched through hawala route, it stated.
“…Ranganathan on the ask for of Pawan Gaur and Rajesh Kumar bought some checks done in the month of November, 2021 in the premises of some authorised stockists of GAIL. Nevertheless, right before the stated surprise test, Ranganathan had also cautioned some of his favoured parties,” the FIR alleged.
The CBI bas booked the accused below IPC sections of prison conspiracy and provisions of the Avoidance of Corruption Act, they explained.





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