CBI arrests MD of Essar Group, IT Commissioner in graft case

In an ironic twist of fate, just a day before his daughter's wedding, the Income-Tax Commissioner of (Appeals-30), B Rajendra Prasad was arrested by the Anti-Corruption Bureau (ACB) of the CBI in a Rs 2-crore bribery case.

CBI sources said that commissioner BB Rajendra Prasad and one other person has been arrested from Vishakhapatnam while four others have been taken into custody from Mumbai.

Sources suggest the Commissioner has been charged for allegedly taking a bribe of Rs 19 lakh to favour a major corporate group.

In the FIR the CBI said that Balaji Trust through its CA had agreed to bribe Prasad. Apart from Essar House, the CBI conducted searches in Mumbai and Visakhapatnam and seized property documents, details of bank accounts, three lockers and several documents.

Astatement by Balaji Trust denied allegations regarding "any misconduct" by their executives.


According to Prasad's instructions, the money was to be delivered in Mumbai to Manish Jain (suspected to be the hawala operator), who would then transfer it to his relative Suresh Kumar Jain in Visakhapatnam. "Inquiries also revealed that Pradip Mittal, MD with the Essar Group, was personally monitoring the process of paying the bribe amount to Prasad", said a CBI officer.

The Balaji Trust matter was being handled by Parikh.

"There was a routine survey of records, conducted by CBI at the offices of two of our executives in connection with some I-T assessment orders". The payment, CBI found, was meant to be handed over to Prasad at his Vishakapatnam residence at an "opportune moment".

Meanwhile, a court in Mumbai today granted CBI the transit remand of Mittal, Bajpai, Parikh and Manish Jain who would be taken to Visakhapatnam.

The trust said its executives are cooperating with the investigation and would continue to do so. The total value of the company's assets attached stood at Rs 132 crore.


Popular
  • Penguins star Crosby leaves following hit to head

    The injury-plagued Penguins were already without top defenseman Kris Letang and starting goalie Matt Murray before the series. It changed Monday and the Capitals took their turn playing on their heels for long stretches in the first and second period.
    NFL Draft: Twitter reactions to Steelers three Day 2 draft selections

    NFL Draft: Twitter reactions to Steelers three Day 2 draft selections

    With this draft pick both players performances have been put on alert and there will be an odd man out come 2018. The Pittsburgh Steelers chose three new teammates Friday night, including University of Pittsburgh James Conner.

    Nasdaq breaches 6000 mark for first time ever

    The tech-heavy Nasdaq rose as much as 0.4 percent to hit a record level of 6,007.72 helped by gains in Biogen and Apple . The S&P 500 index showed 57 52-week highs and two lows, while the Nasdaq recorded 114 highs and nine lows.
  • Records Continue to Fall for Track and Field on Penn Relays Friday

    Records Continue to Fall for Track and Field on Penn Relays Friday

    Keegan, who has had trouble breaking 56 seconds, turned in a 54.05 split. "He knows what's best for me". Keegan had room to run, which allowed her to stay close to Miller, who tried to break the race open.

    French intelligence report says Assad forces behind April 4 sarin attack

    The Kurdish-led Syrian Democratic Forces are the U.S.'s main partner in the battle against the Islamic State group in northern Syria.
    Hope for preemies as artificial womb helps tiny lambs grow

    Hope for preemies as artificial womb helps tiny lambs grow

    Human versions of this artificial wombs should become available within the next two years, the Philadelphia team declared. At the moment, Davey pointed out that more than 50 percent of infants born at 24 weeks die as a result of complications.
  • Joe Logano pulls away to win NASCAR race at Richmond

    Joe Logano pulls away to win NASCAR race at Richmond

    I hate to be pessimistic about today, but we've got to be real about it and realize, hey, it's just a short track . On Friday, Hamlin had warned that JGR's woes wouldn't be fixed "overnight" or in "a month ".
    Predators' Fiala out of playoffs after breaking leg

    Predators' Fiala out of playoffs after breaking leg

    The Preds have yet to lose in these playoffs but I see that changing here as Allen rebounds after a tough loss and St. One of them was the OT game-winner against the Blackhawks in game three. "You have to do the defensive stuff".
    Superintendent: There was no shooting at Belfair school

    Superintendent: There was no shooting at Belfair school

    This is a developing story. [12:03 p.m.] "We have not found anyone injured as of now", The Mason County Sheriff's Office tweeted . Kiro 7 and The Kitsap Sun are reporting that the school is on lockdown and that the Mason County Sheriff is on scene.
  • Yasir hands Pakistan the advantage

    Yasir hands Pakistan the advantage

    Brathwaite helped steady the home side before he was caught at first slip by Younis off a delivery from Yasir for 43 in the 34th. The priority for Pakistan would be getting the last wicket of West Indies before the lead reaches the 200-run mark.
    India, Poland ink agriculture agreement

    India, Poland ink agriculture agreement

    India and Poland on Thursday signed an agreement on the exchange of information and technology in the agriculture sector. Indian investments in Poland amount to around $3 billion and Polish investments in India are of about $600 million.
    Caitlyn Jenner would 'seriously' consider running for office

    Caitlyn Jenner would 'seriously' consider running for office

    I gave it to her after Kris was done with it, but I never really had a chance to really discuss it with her after the fact. The Democrats are better there. "But I've tried to learn from those mistakes, I try to a better job next time".

CONNECT