New Delhi: State-run aluminium company NALCO's chief A K Srivastava, who was caught allegedly taking bribe and is in CBI custody now, has been suspended by the government.
The mines ministry suspended Srivastava based on CBI charges, a top official said. B L Bagra, Director (Finance), has been given the additional charge of chairman-cum-managing director till further orders, the official added.
"Mines minister Dinsha Patel and senior ministry officials went through the CBI report. Based on the developments, Srivastava has been suspended and the senior most NALCO official B L Bagra has been given charge of CMD till further orders," the official said.
The CBI yesterday arrested Srivastva, his wife and two others in a bribery case and recovered about 10 kg of gold bricks and jewellery valued at around Rs 2.13 crores as also Rs 30 lakh from them.
A Delhi court today remanded all the four accused in CBI custody till March 3.
Besides Srivastava and his wife Chandini, the other two alleged middle man Bhushan Lal Bajaj and his wife Anita.
National Aluminium Company Limited (NALCO) is Asia's largest integrated aluminium producer.
The Bhubaneshwar-headquartered Navratna company produced 15.92 lakh tonnes of alumina last fiscal and has a target of producing 16.80 lakh tonnes of alumina this fiscal.
The mines ministry suspended Srivastava based on CBI charges, a top official said. B L Bagra, Director (Finance), has been given the additional charge of chairman-cum-managing director till further orders, the official added.
"Mines minister Dinsha Patel and senior ministry officials went through the CBI report. Based on the developments, Srivastava has been suspended and the senior most NALCO official B L Bagra has been given charge of CMD till further orders," the official said.
A Delhi court today remanded all the four accused in CBI custody till March 3.
Advertisement
National Aluminium Company Limited (NALCO) is Asia's largest integrated aluminium producer.
Advertisement
COMMENTS
Advertisement
Nalco Q2 Net Profit Declines 83% To Rs 125 Crore On Back Of Higher Expenses NALCO Extends Application Deadline For GATE Recruitment NALCO Announces Jobs For Engineers. Selection Through GATE Score "Jindal Group Executive Showed Porn, Groped Me On Flight": Woman To NDTV Bangladesh Imposes Curfew, Deploys Military As 105 Die In Protests Over 300 Indian Students Return Home As 105 Bangladeshis Killed In Protests Wife Among Two Jailed For Life For Man's Murder In Gurugram: Cops 1,100 Flights Cancelled In US As Microsoft Outage Disrupts Operations Elon Musk Congratulates PM Modi On Becoming Most Followed Leader On X Track Latest News Live on NDTV.com and get news updates from India and around the world.