NALCO chief Srivastava suspended, Bagra is new CMD

Written by: Pti
Subscribe to Oneindia News

New Delhi, Feb 26 (PTI) State-run aluminium companyNALCO''s chief A K Srivastava, who was caught allegedly takingbribe and is in CBI custody now, has been suspended by thegovernment.

The mines ministry suspended Srivastava based on CBIcharges, a top official said. B L Bagra, Director (Finance),has been given the additional charge of chairman-cum-managingdirector till further orders, the official added.

"Mines minister Dinsha Patel and senior ministryofficials went through the CBI report. Based on thedevelopments, Srivastava has been suspended and the seniormost NALCO official B L Bagra has been given charge of CMDtill further orders," the official said.

The CBI yesterday arrested Srivastva, his wife and twoothers in a bribery case and recovered about 10 kgs of goldbricks and jewellery valued at around Rs 2.13 crores as alsoRs 30 lakh from them.

A Delhi court today remanded all the four accused in CBIcustody till March 3.

Besides Srivastava and his wife Chandini, the other twoalleged middle man Bhushan Lal Bajaj and his wife Anita.

National Aluminium Company Limited (NALCO) is Asia''slargest integrated aluminium producer.

The Bhubaneshwar-headquartered Navratna company produced15.92 lakh tonnes of alumina last fiscal and has a target ofproducing 16.80 lakh tonnes of alumina this fiscal. MORE PTINAM SKB

Please Wait while comments are loading...