Snoop 'suspect' tag on RIL official
.jpg)
New Delhi, March 19: The CBI today told a Delhi court that Reliance Industries vice-president (finance) K.V. Mohanan and the managing partner of Mumbai-based law firm Chitale and Associates, Rajendra Chitale, were "suspects" in the corporate espionage case the agency is probing.
Agency officials began questioning Mohanan and Chitale at the CBI headquarters this afternoon. Mohanan had been questioned for nine hours yesterday too.
A senior CBI officer said that Mohanan had today been confronted with Mumbai-based chartered accountant Khemchand Gandhi, an accused in the case, "to ascertain the nature of their relations".
The case relates to alleged leak or sale of confidential ministry documents, largely relating to foreign investment policies, to private consultancy firms.
Last week, the CBI had arrested Chitale's partner Paresh Chimanlal Buddhadev along with Gandhi. The duo are said to have been the middlemen between government employees who leaked the documents and corporate clients.
Among the arrested government employees are Ashok Kumar Singh, undersecretary in the department of disinvestment and grievances; Lala Ram Sharma, section officer in the department of economic affairs; Ram Niwas, an assistant in the department of economic affairs; and Daljeet Singh; an upper division clerk in the commerce ministry.
The agency today sought an extension of the police remand for Gandhi and Buddhadev, saying Mohanan and Chitale needed to be confronted with the duo to unearth the larger conspiracy and the others involved in the scandal.
Special CBI judge S.C. Rajan extended the CBI custody of Gandhi and Buddhadev by two days and sent the other accused to judicial custody till April.
A CBI officer claimed that Gandhi had revealed his links with Mohanan.
"A preliminary probe has revealed that some private companies paid huge money to various people to provide them with policy papers of both the (finance and commerce) ministries," the officer said.
"Investigations are under way to identify the other middlemen through whom private companies procured confidential documents."
Agency officials suspect the racket has been active for the past two years and may have compromised government policymaking relating to foreign investments in the country.
Other Latest News
.webp)
Cement maker ACC on Thursday said its profit after tax (PAT) increased four-fold to Rs 945 crore in the March quarter of the previous fiscal year on account of robust sales.
The company had reported a PAT of Rs 236 crore in the year-ago period.
Revenue from operations rose to Rs 5,409 crore in the fourth quarter as compared with Rs 4,791 crore in the year-ago period, ACC Ltd said in a regulatory filing.
.webp)
Nestle on Thursday missed first-quarter organic sales growth estimates, as the world's biggest packaged food company hiked prices and sold fewer products, particularly in North America.
The maker of Maggi noodles, Nescafe coffee and KitKat chocolate wafer bars confirmed its 2024 guidance of organic sales growth of about 4 per cent and a moderate increase in underlying trading profit margin.
.webp)
Shares of Hitachi Energy were buzzing in trade on Thursday as they soared as much as 18.89 per cent to hit a fresh record high of Rs 9,765.30 per share, driven by expansion plans. On the other hand, S&P BSE 500 was trading 0.21 per cent higher at 74,010.29 levels, as of 1:02 PM.
Hitachi Energy intends to establish additional global capability centres (GCCs) in India to bolster its local operations in response to escalating energy demand and the government's focus on expanding renewable energy generation, according to Reuters.
.webp)
Air India Express will give first-time voters aged 18 to 22 a 19 per cent discount on domestic and international flight tickets for travelling to their home constituencies and back, the Economic Times (ET) reported.
This deal is part of the airline’s "#VoteAsYouAre" campaign, “designed to mobilise first-time voters to fly home to exercise their constitutional right and help guide the flight path of the nation", ET reported.
.webp)
National Stock Exchange (NSE) on Wednesday introduced derivative contracts on Nifty Next 50 index, which received a positive response from market participants.
More than 375 trading members from across the country participated in the index derivatives, the National Stock Exchange (NSE) said in a statement.
.webp)
.webp)
.webp)
.webp)
.webp)
