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NALCO chief suspended; Bagra takes over
Sujay Mehdudia
NEW DELHI: Chairman and Managing Director of the state-run NALCO A.K. Srivastava, who is in CBI custody on bribery charges, has been suspended by the government.
According to official information, the suspension was based on preliminary CBI charges. B.L. Bagra, Director (Finance), has been given additional charge of Chairman-cum-Managing Director until further orders.
Minister goes through CBI report
“Mines Minister Dinsha Patel and senior Ministry officials went through the CBI report. Based on the developments, Mr. Srivastava has been suspended,” an official said here.
The CBI arrested Mr. Srivastva, his wife and two others in a bribery case and recovered about 10 kg of gold bricks, jewellery valued at around Rs.2.13 crores and Rs. 30 lakh from them.
National Aluminium Company Limited is Asia's largest integrated aluminium producer.
The Bhubaneshwar-headquartered Navratna company produced 15.92 lakh tonnes of alumina last fiscal and has a target of producing 16.80 lakh tonnes of alumina this fiscal, according to reports.
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