The Central Bureau of Investigation has arrested an executive director and a chief general manager of GAIL along with three others in an alleged bribery case of Rs 50 lakh in which favours were granted to a Vadodara-based company in the contract for two pipeline projects, officials said Tuesday.
The CBI laid a trap after receiving information about the possible delivery of the bribe amount to Executive Director (Projects) of GAIL K B Singh, they said.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
During the searches, the agency recovered the alleged bribe amount from Singh who was taken into custody after initial questioning, they said.
Besides Singh, the CBI also arrested Director of Vadodara-based Advance Infrastructures Private Limited Surendra Kumar, Chief General Manager of GAIL Davinder Singh, and two other persons Harsh Yadav and Suryavesh, a CBI spokesperson said in a statement.
In addition to the arrested individuals, the CBI has also named Advance Infrastructures Private Limited and Senior General Manager of MECON Limited Sunil Kumar as accused in the FIR.
"A case was registered... on the allegations that the Executive Director (Projects), GAIL in conspiracy with others was extending undue favour in connection with SAPL (Srikakulam Angul Pipeline) and VAPL (Vijaipur Auraiya Pipeline) Projects of GAIL," the spokesperson said.
The CBI alleged that Surendra Kumar had arranged the bribe of Rs 50 lakh, which was to be delivered to K B Singh, through two private persons.
On getting information about the illicit transaction, the CBI laid a trap and nabbed K B Singh.
"The bribe of Rs 50 lakh was recovered from ED (Projects). Searches were conducted at the premises of accused... at Delhi, Noida, Visakhapatnam and Vadodara which led to the recovery of incriminating documents and digital evidences, etc.," the spokesperson said.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.