GAIL ED KB Singh arrested in Rs 50 Lakh bribery case Representative image
News Updates

GAIL ED KB Singh arrested in Rs 50 Lakh bribery case

PTI

New Delhi: The Central Bureau of Investigation (CBI) has arrested of GAIL (India) Limited's Executive Director (Projects) KB Singh in connection with the alleged Rs 50 lakh bribery case in which money changed hands to favour some contractors in the gas pipeline projects, officials said Tuesday.

Along with Singh, four others have also been arrested, including Director of Vadodara-based Advance Infrastructures Surender Kumar, they said.

It is alleged that the bribe was paid for favouring the company in two GAIL pipeline projects Srikakulam to Angul and Vijaypur to Auraiya. The CBI had received input about the bribe exchange following which, it launched an operation on Monday and made the arrests, they said.

Searches are going on at several locations in Delhi, Noida, and Visakhapatnam in connection with the case, they said.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

RE-Invest: India’s RE sector to see investments of USD 386 bn by 2030 for 500 GW target

Rate cut to be based on long-term inflation trajectory: RBI Governor

NHPC targets 16,700 MW RE capacity by 2030

RE-Invest: MNRE honours IREDA for RE financing

ONGC arrests minor oil leak