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CBI registers case against GAIL officials
New Delhi, Nov 22: CBI has registered a case against senior officials of GAIL India Limited for allegedly entering into a criminal conspiracy with a private oil and chemical company for sale of petro-chemicals and causing a loss of crores of rupees to the exchequer.
New Delhi, Nov 22: CBI has registered a case against senior officials of GAIL India Limited for allegedly entering into a criminal conspiracy with a private oil and chemical company for sale of petro-chemicals and causing a loss of crores of rupees to the exchequer.
The case was registered last week against former chairman and managing director of GAIL, its two executive directors of marketing and planning and the president of a private oil and chemical company and other GAIL officials. Following this, the agency carried out searches at various places including the residence of these officials and seized some documents which were being scrutinised.
The FIR of the CBI alleged that the accused officials entered into a criminal conspiracy in 1998-99 with a private company for disposal of westwax, a petroleum byproduct, from its Patta unit in Uttar Pradesh. The agency alleged that the officials issued a Notice Inviting Tender (NIT) which was "tailormade" to suit the needs of the private company for disposal of the petro waste.
The NIT had stated that since the petro product was hazardous, the bidder was supposed to set up a refinery to process the westwax.
However, under these circumstances and conditions only one company applied for the tender and the accused officials got it approved from the GAIL board.
Bureau Report
The case was registered last week against former chairman and managing director of GAIL, its two executive directors of marketing and planning and the president of a private oil and chemical company and other GAIL officials. Following this, the agency carried out searches at various places including the residence of these officials and seized some documents which were being scrutinised.
The FIR of the CBI alleged that the accused officials entered into a criminal conspiracy in 1998-99 with a private company for disposal of westwax, a petroleum byproduct, from its Patta unit in Uttar Pradesh. The agency alleged that the officials issued a Notice Inviting Tender (NIT) which was "tailormade" to suit the needs of the private company for disposal of the petro waste.
The NIT had stated that since the petro product was hazardous, the bidder was supposed to set up a refinery to process the westwax.
However, under these circumstances and conditions only one company applied for the tender and the accused officials got it approved from the GAIL board.
Bureau Report