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India s federal police investigate bosses of two fertiliser companies Toggle share menu
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India s federal police investigate bosses of two fertiliser companies
A farmer spreads fertiliser mixed with potash in his paddy field on the outskirts of Ahmedabad, India, on Jul 13. 2017. (File photo: REUTERS/Amit Dave)
20 May 2021 10:40PM (Updated:
24 May 2021 07:11AM) Share this content
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MUMBAI: 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 US Awasthi, managing director of Indian Farmers Fertilizer Cooperative (IFFCO), and Pravinder Singh Gahlaut, the managing director of Indian Potash (IPL).