CBI probes bosses of fertiliser companies IFFCO, IPL
Indian authorities have opened an investigation into the heads of two leading fertiliser importing companies, alleging they secured commissions from overseas suppliers for inflating the prices of crop nutrient purchases
Reuters | May 21, 2021 | Updated 07:49 IST
The CBI said searches were being carried out at the offices and residences of the two men in a dozen locations across India.
Indian authorities have opened an investigation into the heads of two leading fertilizer importing companies, alleging they secured commissions from overseas suppliers for inflating the prices of crop nutrient purchases.
The Central Bureau of Investigation (CBI), India s top crime fighting agency, said late on Wednesday it was investigating U.S. Awasthi, managing director of Indian Farmers Fertilizer Co-operative (IFFCO), and Pravinder Singh Gahlaut, the managing director of Indian Potash Ltd (IPL).