CBI books IFFCO MD Awasthi, others in graft case; raids 12 locations (Ld)
By IANS |
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IFFCO plant at Phulpur. Image Source: IANS News
CBI raids in Delhi, UP, Raj, Haryana in Rs 1,400 cr bank fraud case Image Source: IANS News
New Delhi, May 19 : In a massive action, the Central Bureau of Investigation (CBI) said on Wednesday that it has registered a case against U.S. Awasthi, MD and CEO of IFFCO, Pravinder Singh Gahlaut, MD of Indian Potash Ltd (IPL), and several others in connection with a corruption case.
The CBI also carried out searches at 12 locations across the country and recovered cash to the tune of Rs 8.8 lakh, FDR worth Rs 5.5 crore, details of 19 properties in several states and 14 bank account details.