CBI apprehends DG Corporate Affairs

New Delhi: CBI today apprehended Director General Corporate Affairs B K Bansal (an additional secretary ranked officer in Ministry of Corporate Affairs) in connection with an alleged bribery case of Rs nine lakh.

Bansal along with a private person Vishwadeep Bansal were nabbed from a hotel today while bribe was allegedly being exchanged for showing favours to a private firm, CBI sources said.

The sources said the duo have been detained and might soon be arrested once formalities are over.

They said Rs 54 lakh were recovered during searches at six locations in connection with the case.

Bansal, Senior Administrative Grade officer of Indian Corporate Law Service (ICLS) was promoted to the post of Director General of Corporate Affairs (DGCA) last year.

CBI sources said a case was registered u/s 7 & 12 of Prevention of Corruption Act, 1988 on the allegations that the Director General of Corporate Affairs, had been dealing with matters related to certain violations committed by a Pharmaceutical company of Mumbai Elder Pharmaceutical and the same had been detected during inspections conducted by the Regional Director, Western Region, Mumbai (Ministry of Corporate Affairs).

They said the COO of the company had allegedly sought the assistance of a Delhi based middleman who was also working as their distributor in Delhi.

The sources said Bansal allegedly demanded a bribe of Rs 50 lakh for not recommending investigation by the SFIO on the inspection report and finally, the Delhi based middleman negotiated Rs 20 lakh.

They said the accused officer had earlier allegedly accepted Rs 11 Lakh and was demanding the balance amount of Rs 9 lakh.

They said CBI laid a trap and the accused officer was caught red handed while accepting the bribe of Rs 9 lakh outside a Hotel here.

PTI