CBI arrests registrar of companies in bribery case
28 Aug 2014 4:02 AM IST
The Central Bureau of Investigation (CBI) has arrested Manuneethi Cholan, registrar of companies in Chennai, for accepting Rs 10 lakh bribe from prominent industrialist MAM Ramaswamy.
CBI said reliable information has been received disclosing that Cholan had demanded Rs 10 lakh as illegal gratification from Ramaswamy who is Chairman of the Chettinad Group of Companies.
The statement also revealed that there was an attempt by a rival group within the management to take control over the Chettinad Group during the annual general meeting to be held on August 27 in
Chennai.
Cholan, according to CBI, demanded the illegal gratification for not approving the decision that was going to be taken at the AGM.
CBI said reliable information has been received disclosing that Cholan had demanded Rs 10 lakh as illegal gratification from Ramaswamy who is Chairman of the Chettinad Group of Companies.
The statement also revealed that there was an attempt by a rival group within the management to take control over the Chettinad Group during the annual general meeting to be held on August 27 in
Chennai.
Cholan, according to CBI, demanded the illegal gratification for not approving the decision that was going to be taken at the AGM.
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