CBI arrests MD of Bengaluru-based PSU for taking bribe in Noida

The CBI arrested the Managing Director of Bengaluru-based Public Sector Undertaking Karnataka Antibiotics and Pharmaceuticals Limited (KAPL), Anurag Danayak, while he was allegedly accepting a bribe of Rs 5 lakh from a Bhopal-based firm. After receiving information about a possible bribe payment on Wednesday, the CBI laid a trap in Noida, where Danayak was allegedly caught red-handed accepting the bribe from a company that was also the service agent of KAPL, a CBI spokesperson said in a statement.
“The accused Managing Director had demanded an undue advantage of around Rs 15 lakhs from a Bhopal-based firm, which is an authorised service agent of KAPL and engaged in the supply of medicines to the Government institutions in the State of Madhya Pradesh,” the spokesperson said. The bribe was in return for favours to approve the Service Agent Agreement of the firm as well as an application for assigning additional institutions to the firm, which were pending for renewal for the current financial year, and as a cut on the commission received by the firm from the sale of medicines in the current year, the CBI alleged. .MD Danayak was caught red handed from Noida while accepting Rs. 5 Lakh as part payment of the demanded bribery amount of Rs. 15 Lakh.  
The agency conducted searches at the residential and office premises of the accused in Bengaluru, Noida and Jabalpur. “Around Rs 75 Lakh in cash and foreign currency worth Rs 4 Lakh were seized from his Noida residence and office chamber in Bengaluru, besides 697 grams of gold jewellery/coins worth Rs 86 lakh approximately and a property document of the residential flat of the accused,” the statement said. 

(Freelance Journalist)