CBI booked current IFFCO MD, former IPL chief on graft charges

CBI booked current IFFCO MD, former IPL chief on graft charges

The CBI has booked U.S. Awasthi, the current M.D. and CEO of Indian farmers fertilizer cooperative limited(IFFCO), and Pravinder Singh Gahlaut, the then managing director of Indian Potash Limited(IPL), along with other eight people found guilty for importing fertilizers and agricultural raw products at higher rates. “Searches have been conducted on the premises of the accused persons at 12 locations in Delhi, Gurugram, Mumbai and other places,” according to a CBI official. The apex institution has been able to detail the son of the accused along with other people connected to the scam. The case has been registered on the basis of the differences from the chemical and fertilizer ministry department of fertilizers and other data. They have allegations that IaFFCO  and IPL officials used to import fertilizers and raw materials buy a kisan international trading FZE in Dubai at higher inflated prices and cheated the government by claiming increased subsidized rates.
 Source- The Hindu
 

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