ES Ranganathan, the then director (marketing) of GAIL, was arrested in January last year.
New Delhi:
The CBI has registered a fresh case against former GAIL director ES Ranganathan for allegedly amassing assets worth over Rs 4.82 crore during 2017-22, which were disproportionate to his known sources of income, officials said on Monday. Said.
He said ES Ranganathan, the then director (marketing) of GAIL, was arrested in January last year for allegedly accepting a bribe of over Rs 50 lakh to grant exemptions to private companies buying petrochemical products marketed by the Maharatna PSU. .
The CBI had carried out searches at the Noida residence of ES Ranganathan, from where over Rs 1.29 crore in cash and documents containing details of the assets, which were being probed by the agency, were recovered.
ES Ranganathan joined GAIL in 1985 and also served as Managing Director in Indraprastha Gas Limited (IGL) from 2016-20, before returning to GAIL as Executive Director, and later as Director (Marketing). Promoted when he was arrested and later suspended from service. ,
After probing the properties, the CBI registered an FIR alleging that Ranganathan “willfully enriched himself illegally during his postings at IGL and GAIL (India) Limited and acquired properties in his own name by corrupt and illegal means”. (both movable and immovable) and the name of his wife VN Meenakshi, a housewife”.The agency analyzed the income and expenditure details of the former director from January 1, 2017 till January 17, 2022, the date of his arrest, which revealed that he had amassed assets worth Rs 4.82 crore, which was 88 per cent of his legitimate assets. was more Income, which cannot be satisfactorily accounted for, has been alleged in the FIR.
Officials said the CBI had invoked provisions of the Prevention of Corruption Act against Ranganathan and his wife.
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