AIRLINK 80.65 Increased By ▲ 2.26 (2.88%)
BOP 5.33 Decreased By ▼ -0.01 (-0.19%)
CNERGY 4.36 Increased By ▲ 0.03 (0.69%)
DFML 33.19 Increased By ▲ 2.32 (7.52%)
DGKC 78.40 Decreased By ▼ -0.11 (-0.14%)
FCCL 20.57 Decreased By ▼ -0.01 (-0.05%)
FFBL 32.80 Increased By ▲ 0.50 (1.55%)
FFL 10.35 Increased By ▲ 0.13 (1.27%)
GGL 10.30 Increased By ▲ 0.01 (0.1%)
HBL 118.94 Increased By ▲ 0.44 (0.37%)
HUBC 136.20 Increased By ▲ 1.10 (0.81%)
HUMNL 6.85 Decreased By ▼ -0.02 (-0.29%)
KEL 4.45 Increased By ▲ 0.28 (6.71%)
KOSM 4.84 Increased By ▲ 0.11 (2.33%)
MLCF 38.60 Decreased By ▼ -0.07 (-0.18%)
OGDC 134.70 Decreased By ▼ -0.15 (-0.11%)
PAEL 23.59 Increased By ▲ 0.19 (0.81%)
PIAA 26.70 Increased By ▲ 0.06 (0.23%)
PIBTL 7.05 Increased By ▲ 0.03 (0.43%)
PPL 113.57 Increased By ▲ 0.12 (0.11%)
PRL 28.07 Increased By ▲ 0.34 (1.23%)
PTC 14.75 Increased By ▲ 0.15 (1.03%)
SEARL 58.10 Increased By ▲ 1.60 (2.83%)
SNGP 67.86 Increased By ▲ 1.56 (2.35%)
SSGC 11.22 Increased By ▲ 0.28 (2.56%)
TELE 9.28 Increased By ▲ 0.13 (1.42%)
TPLP 11.75 Increased By ▲ 0.08 (0.69%)
TRG 72.10 Increased By ▲ 0.67 (0.94%)
UNITY 25.20 Increased By ▲ 0.69 (2.82%)
WTL 1.40 Increased By ▲ 0.07 (5.26%)
BR100 7,531 Increased By 38.4 (0.51%)
BR30 24,766 Increased By 207.9 (0.85%)
KSE100 72,466 Increased By 414.5 (0.58%)
KSE30 23,860 Increased By 51.7 (0.22%)

NEW DELHI: India's federal police has arrested the chairman of state-run National Aluminium Co Ltd (NALCO) for bribery, adding headache to a government already under fire for corruption scandals.

NALCO is the country's third-largest producer of aluminium.

The Congress-led ruling coalition is under criticism over several graft scandals, including a $39 billion telecom licence scam.

Indian Prime Minister Manmohan Singh gave in on Tuesday to opposition demands for a parliamentary probe into the multi-billion dollar scandal over sales of telecoms licenses for kickbacks, a setback for his embattled government and a victory for the opposition.

The Central Bureau of Investigation (CBI) said in a statement issued late on Friday that NALCO's chairman and managing director, A.K. Srivastava, had accepted a bribe of 3 kg gold through his wife, who was also arrested.

NALCO confirmed the arrest but declined to comment further, and the chairman's lawyer was not immediately available for comment.

The CBI said it has recovered another 7 kg gold and about 3 million rupees in cash from the couple.

Copyright Reuters, 2011

Comments

Comments are closed.