In a late evening development, EPIL MD SPS Bakshi was arrested by CBI team along with Executive Director, Delhi Region of EPIL, Harcharan Pal and its Executive Director, Mumbai Region, Kapil Tara and four private persons.
"It is alleged that the officials demanded bribe from the private firm (builder from Raipur) for favouring the company in the award of the contractfor the construction of Mega Urban Educational Complex at Pallur Hills, Kainisi in Ganjam district Odisha," CBI spokesperson R K Gaur said here.
It was further alleged that the CMD in conspiracy with others, deputed his staff to collect Rs 10 lakh as a part payment of the total agreed amount of gratification from one hawala operator based at Chandni Chowk, Delhi.
"The staff was intercepted by CBI while allegedly receiving the said bribe," Gaur said.
He said searches were conducted today at eight locations in Delhi, Mumbai and Raipur.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
