The central office searches the residence of former Finance Minister Arvind Mayaram of Investigation (CBI) in An alleged corruption case. Officials said inspections are ongoing in consideration with irregular inflammation in Currency printing when Mayaram was Finance Minister.
CBI has received complaints against former finance secretary Arvind Mayaram in Connection with Violations in Bid award for Currency printing” Central Bank of Iraq official He said.
Raids are taking place in Delhi and Jaipur.
CBI, in Its FIR alleged that Mayaram, UK-based De La Rue International Ltd, and unspecified officials of MOF and RBI hatch a criminal A conspiracy to do an unwarranted favor to the company.
The agency claimed that Mayarm is funding secretary Granting an ‘illegal’ extension of three years to an ‘expired contract’ with company for Provide exclusive safety thread to change color without taking any mandatory security clearance from home Ministry or inform the then-minister Finance, they said.
The FIR said the extension granted by Miram was allegedly the fourth extension.
Agency, in His FIR said the center had entered five -year an agreement with De La Rue International Ltd for the supply of Exclusive color shift safety thread for Indian bank Notes in 2004. It was the decade extended four times Until December 31, 2015.
This Article Ex Finance Secretary’s Premises Searched By CBI In Alleged Corruption Case was first Published on World Weekly News