B'luru Firm's MD Held in MFL Bribery Case

Published: 29th May 2015 06:03 AM  |   Last Updated: 29th May 2015 06:03 AM   |  A+A-

CHENNAI:The Central Bureau of Investigation has arrested the managing director of a Bengaluru-based firm in a bribery case involving an official of the Madras Fertilisers Limited (MFL).

A CBI spokesperson said P Gnana Sambandam, chief manager of Process Engineering and Project (Acting), MFL, Yalavarthi Sreenivasalu, MD of Hi-Tech Air Power Ltd, Bengaluru, and K V Redappa, sales coordinator at the branch office of Hi-Tech Air Power Ltd, were those arrested.

The spokesperson said that the Anti Corruption Branch in Chennai arrested Gnana Sambandam while receiving a bribe of `1 lakh from Redappa. Following investigations, Yalavarthi Srinivasalu was also arrested.

Cases have been registered under various sections of the Prevention of Corruption Act following discrepancies in awarding tender for the supply and installation of reverse osmosis membrane and issuing a certificate after the Guaranteed Test Run to Hi-Tech Air Power.

CBI officials said that searches were conducted at eight places in Chennai and two places in Bengaluru, including the residences and offices of the accused. “During the searches, several documents, files, hard discs and mobile phones were recovered,” they added.

The trio was produced before the special judge for CBI cases and remanded to judicial custody.

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