ACB-CBI sleuths arrest two former directors of Air India

United News of India

Mumbai, January 14, 2012

Anti-Corruption Bureau (ACB) sleuths of the Central Bureau of Investigation (CBI) have arrested two former Directors of Air India for alleged financial irregularities in the purchase of Potable Entertainment Appliances (PEA) from private firms causing loss to the government exchequer. 

CBI sources said here today that cases had been registered under the Prevention of Corruption Act against Amod Sharma, former Director, In-Flight Services, and V Shrikrishna, former Director, Materials, Air India, Mumbai, for alleged financial irregularities in the matter of purchase of PEA from private firms.  
Searches were conducted for two days at 13 places in Mumbai and Delhi at the office and residential premises of the accused, leading to the recovery of documents related to seven properties in the name of Sharma and three properties in the name of Shrikrishna.  
During searches, Sharma was found in possession of gold ornaments to the tune of Rs 9 lakh along with a bank balance of Rs 17.35 lakh. Further investigation is in progress, the sources added.