The government has terminated ES Ranganathan as director (marketing) of GAIL (India) Ltd and repatriated him as executive director of the company, the state-owned firm said Tuesday.
Ranganathan was in January arrested by the Central Bureau of Investigation (CBI) for allegedly taking bribes to give discounts to some private companies on the petrochemicals products that GAIL sold to them. Following this, he was placed under suspension.
He got bail in March.
In a stock exchange filing, GAIL said it has received a communication from the Ministry of Petroleum and Natural Gas "conveying the decision of the Appointment Committee of the Cabinet (ACC) for premature termination of the tenure of Shri ES Ranganathan from the post of Director (Marketing), GAIL (India) Ltd with immediate effect".
Ranganathan will be paid three months' salary in lieu of a similar notice period and his consequent repatriation to the post of executive director within the lien period, it said.
He was executive director when he was appointed director (marketing) in July 2020. He will now revert to that position.
He will superannuate in May next year.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app