Fwd: Local Release..........2

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From: Press Information Bureau Ministry of I&B <pib.kolkata@gmail.com>
Date: Mon, Feb 1, 2010 at 5:51 PM
Subject: Local Release..........2
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Press Information Bureau

Government of India

* * * * * *

CBI ARRESTS AN ASSISTANT GENERAL MANEGER OF SEBI FOR ACCEPTING BRIBE OF RS.25 LAKHS

Kolkata: February 1, 2010

 

The Central Bureau of Investigation has arrested an Assistant General Manager of Security Exchange Board of India (SEBI), Kolkata, Shri R. P. Singh, for demanding and accepting a bribe of Rs.25 lakhs from the complainant.

 

It is alleged in the complaint that the Assistant General Manager of SEBI had asked the Director of Kolkata based group of companies to furnish some documents and other particulars of the business being transacted by one of its companies as a corporate agent of LIC and GIC. He demanded bribe of Rs.25 lakhs from the complainant for not pursuing the matter. The CBI laid a trap and the Assistant General Manager of SEBI was caught red handed while demanding and accepting a bribe of Rs.25 lakhs from the complainant yesterday evening.

 

A cash of Rs.28 lakhs (approximately) and other documents showing huge investments in movable and immovable property were recovered from the residence of accused.

 

The accused was produced today before the Special Judge, Alipore, Kolkata and remanded to Judicial Custody till 12.02.2010.

 

Further investigation is continuing.

 

sc/dk/kol/17:41 hrs.

 

--
Palash Biswas
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