Power Grid Corporation ED, 6 Tata Projects officials arrested by CBI



CBI arrest 6 Tata Projects officials on allegations of corruption

New Delhi: The Central Bureau of Investigation (CBI) on Thursday arrested 6 officials of Tata Projects Ltd and Executive Director of Power Grid Corporation of India B S Jha in bribery case involving Tata Projects. The agency is carrying out searches in 11 places in Gurugram, Delhi and Ghaziabad.

The CBI clarified that it has arrested 6 Tata Projects officials on allegations of corruption in the North Eastern Regional Power System Improvement Project.

The Tata Projects executives arrested by the agency include top-ranking officials such as Executive VP Deshraj Pathak and Assistant VP RN Singh.

The probe agency had conducted searches on Wednesday in Ghaziabad, Noida, Gurugram, among other places, during which Rs 93 lakh cash was recovered from the Gurugram premises of Jha, who is currently posted in Itanagar.

Jha was allegedly extending favours to Tata Projects in various projects in return of illicit payment, the agency said.

Meanwhile, state-owned Power Grid Corporation of India Ltd on Saturday reported nearly 18 per cent rise in its consolidated net profit at Rs 4,156.44 crore for the March 2022 quarter. The company’s consolidated net profit stood at Rs 3,526.23 crore in the year-ago period, Power Grid Corporation of India Ltd (PGCIL) informed in an exchange filing.

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