The Central Bureau of Investigation (CBI) has arrested five people, including GAIL Executive Director KB Singh, in connection with an alleged bribery of Rs 50 lakh. The agency is conducting searches at Delhi, Noida, Uttar Pradesh and Visakhapatnam.

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In the trap laid by the agency, the bribe was delivered by the private person to the public servant, following which both were apprehended by the agency.

A case was registered against Vadodara-based Advance Infrastructures Pvt. Ltd. and its director, Surendra Kumar, who has been arrested by the agency.

The CBI also registered a case and arrested GAIL's chief general manager Davinder Singh and general manager of MECON Ltd. Sunil Kumar. The agency also arrested Harsh Yadav and Suryavesh, residents of Delhi and Haryana's Jhajjar, respectively.

It is alleged that Surendra Kumar arranged the bribe amount of Rs 50 lakh, through two private persons that was said to be delivered to an unknown public servant.

Singh is alleged to be involved in a conspiracy with others to extend undue favour in connection with Srikakulam Angul Pipeline (SAPL) and Vijaipur Auraiya Pipeline (VAPL) projects of GAIL, according to CBI.

Shares of the state-run company were trading half a percent higher at Rs 123.20 apiece on the NSE during today's afternoon deals. GAIL stock has gained 27 percent so far this year and its up 35 percent in the last one year.

GAIL, which is a Maharatna company under the Ministry of Petroleum and Natural Gas, is India's leading natural gas transmission and marketing company.

First Published:Sept 5, 2023 2:35 PM IST