Business Standard

CBI books IFFCO CEO Awasthi in corruption case, conducts searches

Conducts search operation at 12 premises in Delhi, Mumbai and Gurugram

US Awasthi
Premium

US Awasthi, MD & CEO, IFFCO

Shrimi Choudhary New Delhi
The Central Bureau of Investigation (CBI) has filed a corruption case against Indian Farmers Fertiliser Cooperative’s (IFFCO’s) managing director (MD) and chief executive officer (CEO) US Awasthi and some directors in connection with discrepancies in the import of fertilisers and claiming subsidies.
 
IFFCO is a multi-state cooperative society engaged in the business of manufacturing and marketing fertilisers.
 
The CBI also booked MD of Indian Potash Parvinder Singh Gahlaut and his and Awasthi’s sons, among others, in the case.
 
Following the first information report (FIR) filed on Wednesday, the federal agency conducted a massive search operation at 12
Topics : CBI IFFCO

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in