Home World Business CBI nabs Mumbai IT commissioner, Essar MD, 4 others in bribery case

CBI nabs Mumbai IT commissioner, Essar MD, 4 others in bribery case

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The accused will be produced before a designated court later

IANS  |  Mumbai  May 3, 2017 Last Updated at 18:13 IST

In a major swoop, the on Wednesday nabbed an Commissioner, a top official of Essar Group, and four others in a case, and recovered Rs 1.50 crore, officials said here.

The arrested IT officer is B. B. Rajendra Prasad, an IRS officer of 1992 batch who is currently (Appeals – 30) in

The others nabbed include: Pradip Mittal, Managing Director of of Companies, and Vipin Bajpai, an accounts officer in that company headquartered in

Three others, a Chartered Accountant Shreyas Parikh working with M/s. G.K.Choksi, and a realtor Suresh Kumar Jain and his relative Manish Jain have also been arrested.

The said that Prasad had recently passed an order in an appeal matter favouring a private trust belonging to the

For passing the favourable order, the Prasad allegedly demanded a bribe of around Rs 2 crore and said it should be delivered to Manish Jain, who in turn would transfer it to Suresh Kumar Jain in Visakhapatnam.

The Commissioner took leave and went to Visakhapatnam and demanded that a part of the money should be delivered to his residence in Visakhapatnam.

Acting on a tip-off, the laid a trap and caught Prasad receiving a part of the bribe amount – Rs 19.34 lakh – from Suresh Kumar Jain.

Both were arrested. The said it had recovered the remaining amount of around Rs 1.50 crore from Suresh Kumar Jain.

The sleuths conducted raids in and Visakhapatnam at the offices and residences of all the accused leading to recovery of several property investment documents, details of bank accounts, three bank lockers and other incriminating papers.

The accused will be produced before a designated later, officials said.

CBI nabs Mumbai IT commissioner, Essar MD, 4 others in bribery case

The accused will be produced before a designated court later

The accused will be produced before a designated court later

In a major swoop, the on Wednesday nabbed an Commissioner, a top official of Essar Group, and four others in a case, and recovered Rs 1.50 crore, officials said here.

The arrested IT officer is B. B. Rajendra Prasad, an IRS officer of 1992 batch who is currently (Appeals – 30) in

The others nabbed include: Pradip Mittal, Managing Director of of Companies, and Vipin Bajpai, an accounts officer in that company headquartered in

Three others, a Chartered Accountant Shreyas Parikh working with M/s. G.K.Choksi, and a realtor Suresh Kumar Jain and his relative Manish Jain have also been arrested.

The said that Prasad had recently passed an order in an appeal matter favouring a private trust belonging to the

For passing the favourable order, the Prasad allegedly demanded a bribe of around Rs 2 crore and said it should be delivered to Manish Jain, who in turn would transfer it to Suresh Kumar Jain in Visakhapatnam.

The Commissioner took leave and went to Visakhapatnam and demanded that a part of the money should be delivered to his residence in Visakhapatnam.

Acting on a tip-off, the laid a trap and caught Prasad receiving a part of the bribe amount – Rs 19.34 lakh – from Suresh Kumar Jain.

Both were arrested. The said it had recovered the remaining amount of around Rs 1.50 crore from Suresh Kumar Jain.

The sleuths conducted raids in and Visakhapatnam at the offices and residences of all the accused leading to recovery of several property investment documents, details of bank accounts, three bank lockers and other incriminating papers.

The accused will be produced before a designated later, officials said.

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IANS

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