Cbi May Chargesheet Ipcl Director Ramanathan

The newly-inducted director of Indian Petrochemicals Company Limited, K G Ramanathan, who is a retired IAS officer and also former chairman and managing director of the IPCL, is going to be charged before a special court here by Central Bureau of Investigation (CBI) in connection with the Rs 2.2 crore land scam.

Ramanathan, along with N M Bijlani, former chairman of the Gujarat Industries Development Corporation who has been running a consultancy NRD Associates, that is empanelled with IPCL, is also an accused in the same case along with a builder from Bharuch, said well-placed sources in Anti-Corruption Branch of CBI, Gandhinagar.

The CBI, which had registered a case under various sections of the Prevention of Corruption Act against Ramanathan and Bijlani in April last year, now is in the final stage of investigation.