The former Director (Marketing) of GAIL (India) Ltd, which is under the Ministry of Petroleum and Natural Gas, was accused by the Central Bureau of Investigation (CBI) of amassing assets in the names of himself and his family that were out of proportion to his salary on Thursday. Sources claim that searches were done at the home and workplace of E.S. Ranganathan, a former director of marketing at GAIL (India) Ltd.
Ranganathan joined GAIL on October 14, 1985, according to an examination of the papers gathered and confiscated during the investigation of the case above. He worked as Managing Director at Indraprastha Gas Limited (IGL) on a secondment basis from 2016 to 2020. Later, he became the Executive Director of GAIL (India) Ltd, where he served as the Director of Marketing. Ranganathan amassed properties (both movable and immovable) in his name and in the name of his wife V.N. Meenakshi while performing at the IGL and GAIL.
“Ranganathan was in possession of five immovable properties from January 1, 2017, to January 17, 2022, during the check period. As well as having a sizable cash balance of Rs 1,29,10,500, gold jewellery, foreign currencies, and a sizable balance in several bank accounts created in his name as well as in the name of his wife, which he is unable to account for fully, Ranganathan was also in possession of these items, according to a CBI officer.
According to the official, Ranganathan earned Rs 5,44,30,515 from his salary and other sources of income between 2017 and 2022, but his expenses came to Rs 4,02,83,712.
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