Saturday, October 22, 2016

CBI recovers deer skin from FACT deputy GM's residence

Kochi :  The CBI sleuths on Saturday recovered deer skin from the residence of fertilisers and Chemicals Travancore Limited (FACT) official during the raids in connection with the gypsum sale corruption case.
The deer skin was recovered from the flat owned by FACT deputy general manager Sreenath V Kammath.
The search also unearthed fixed deposits to the tune of Rs 85 lakh in six bank accounts of the official. Several documents have also been seized.
On being informed by the CBI, the forest officials reached he spot and siezed the skin. A case will be registered against Sreenath under the Wildlife Protection Act.
When the raids were being carried out, Sreenath was Bengaluru. It is learnt that he will Kochi on Sunday.
CBI officials simultaneously raided the residence of five persons including CMD, chief general managers and deputy general managers of FACT, 
Reports say documents revealing huge investments have been recovered from the residence of chief general manager Ambika. 
Seven persons, including FACT CMD Jaiveer Srivastava, have been named accused in the case.
The preliminary investigation revealed that corruption to the tune of Rs 100 crore occurred in connection with the sale of gypsum. T

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