Micromax co-founders bribed Delhi civic body officials, arrested

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New Delhi, Aug 8: The CBI today, on the basis of a tip off, arrested Micromax mobile co-founders Rajesh Aggarwal and Manish Tuli on grounds of bribing civic officials in Delhi for the construction of a banquet hall. The officials were also arrested, while accepting a bribe of Rs 30 lakhs in the Timapur area in north Delhi.

CBI's 'punch' to Micromax owners

Searches were also carried out in the residences of several officials of the MCD and Rs 40 lakhs was seized from an official's home. According to CBI, the business partners allegedly entered a deal worth Rs 50 lakhs with the engineers of the MCD in order to get the construction of a banquet hall cleared. The price was later negotiated to Rs 30 lakhs.

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