CBI book GAIL marketing chief ES Ranganathan in bribery case


the (CBI) has engaged Director (Marketing) ES Ranganathan of Gas Authority of India Limited (GAIL) on a scandal related to the sale of petrochemicals manufactured by at a discount. A CBI statement said the investigating agency conducted searches of the defendants’ premises in Delhi, Noida, Gurgaon, Panchkula and Karnal, among others. This led to the recovery of approximately Rs 84 lakh so far, which includes the recovery of Rs 75 lakh from a private person based in Gurgaon.

The other defendants in the case are Pawan Gaur (a private person), Rajesh Kumar (director of Rishabh Polychem, Delhi), N Ramakrishnan Nair (resident of Gurgaon), Saurabh Gupta (associated with United Polymer Industries, Panchkula), and Aditya Bansal. (associated with Bansal Agencies, Karnal). CBI said that these five defendants have been arrested in this case so far. United Polymer Industries and Bansal Agencies have also been named in the CBI First Information Report (FIR).

CBI also said searches were continuing at the Ranganathan facility.

The CBI has alleged that Ranganathan was “engaging in corrupt and illegal activities in conspiracy with other defendants acting as his intermediaries, by extracting bribes from the private”. buy petrochemical products marketed by the

CBI said that it set up and approved a private person and the Director of a private company based in Delhi with an alleged bribe amount of Rs 10 lakh which was collected on behalf of Ranganathan.

According to the IWC FIR, the The director (Marketing) had demanded a bribe of Rs 15 lakh for issuing the discount order in favor of the beneficiary

Dear reader,

Business Standard has always strived to provide up-to-date information and commentary on developments that are of interest to you and have broader political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even during these challenging times stemming from Covid-19, we remain committed to keeping you informed and up-to-date with credible news, authoritative viewpoints, and incisive commentary on relevant current issues.
We, however, have a request.

As we grapple with the economic impact of the pandemic, we need your support even more so that we can continue to bring you more quality content. Our subscription model has seen an encouraging response from many of you who have subscribed to our online content. More subscriptions to our online content can only help us achieve our goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital copywriter


Please enter your comment!
Please enter your name here