The CBI on Friday arrested in Bengaluru Central Power Research Institute Joint Director Rajaram Mohanrao Chennu in an alleged bribery case of Rs 9.5 lakh, officials said.
During searches at his residence, the CBI seized a huge pile of cash worth over Rs. 3.59 crore, foreign currency including US Dollar, Hong Kong Dollar, Singapore Dollar, Indonesian Rupiah, Malaysian Ringgit, Euro, Yuan (Renmin), Swedish
Krona and UAE Dirham worth over Rs 4 lakh among others.
It is alleged that Chennu was indulging in corrupt activities and receiving bribes for issuing favourable test reports in respect of the electrical equipment produced by a private company named Sudhir Group of Companies.
The agency also arrested the company director, Atul Khanna, in connection with the bribery case, they said.