Pradeep Sharma case: owner of Value Packaging held by ACB

Gujarat anti-corruption bureau has arrested Sunilkumar Milak, owner of the firm Value Packaging, on the charge of forging documents and helping the former IAS officer Pradeep Sharma get undue benefit of Rs 29.5 lakh from Welspun Group. Sharma was arrested by the ACB on September 30 for allegedly accepting a bribe of Rs 29.5 lakh from Welspun when he was the collector of Kutch in 2004.

According to the ACB, the former IAS officer alloted a piece of land to the company at a price which was 25 per cent of the prevailing rate, causing a loss of Rs 1.2 crore to the exchequer. In return, the Welspun Group allegedly made Sharma's wife a 30 per cent partner in Value Packaging, one of its subsidiaries. Later she received Rs 29.5 lakh as a profit share, the ACB said.