CBI arrests GAIL executive director & four others in a bribery case

In a case involving bribery, the Central Bureau of Investigation detained five people on Tuesday, among them the executive director of Gas Authority of India Ltd (GAIL). According to a senior CBI official, the individuals detained were complicit in a Rs. 50 lakh bribery. The trap was set after receiving a complaint about the situation. A bribe was requested in exchange for a GAIL project that the accused had promised to someone. Along with other people who have been arrested, KB Singh, the executive director of GAIL, will undergo questioning.

“CBI conducted searches in Delhi, Noida and Vishakhapatnam at several locations,” the official said.
Earlier, the CBI registered a case against Amitabha Banerjee, former CMD of Indian Railway Finance Corporation (IRFC) in connection with irregularities in the purchase and distribution of exorbitant gold and non-gold items from funds of IRFC.
The FIR into the matter reads that CBI has received a complaint that alleges financial embezzlement on the part of officials of IRFC including Amitabha Banerjee, the then CMD of IRFC (Indian Railway Finance Corporation) in connection with procurement/purchase and distribution of exorbitant gold and non-gold items from funds of IRFC.