Gidwani arrested over bribery racket in Adarsh scam probe | mumbai | Hindustan Times
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Gidwani arrested over bribery racket in Adarsh scam probe

The anti-corruption branch of the Central Bureau of Investigation (CBI) has arrested four persons, including former member of legislative council Kanhaiyalal Gidwani and CBI retainer counsel Mandar Goswami, in connection with the payment of an alleged bribe to dilute the Adarsh Cooperative Housing Society scam probe. HT reports.

mumbai Updated: Mar 07, 2012 01:55 IST
HT Correspondent

The anti-corruption branch of the Central Bureau of Investigation (CBI) has arrested four persons, including former member of legislative council Kanhaiyalal Gidwani and CBI retainer counsel Mandar Goswami, in connection with the payment of an alleged bribe to dilute the Adarsh Cooperative Housing Society scam probe.


Gidwani is one of the promoters of Adarsh Society. The others arrested were Gidwani’s son, Kailash, and a tax consultant, JK Jagiasi. The CBI arrested Jagiasi on Monday morning. He was remanded to CBI custody till March 16 by a special CBI sessions court.

Subsequently, the agency arrested Gidwani and his son the same evening, while Goswami was arrested on Tuesday. The three were booked for criminal conspiracy along with charges of corruption, and produced before the special CBI sessions court on Tuesday. They have been remanded to CBI custody till March 16.

In its remand application, the CBI has alleged that Jagiasi, a Worli-based tax consultant and Gidwani, who is one of the 14 accused in the Adarsh scam case, entered into a criminal conspiracy. Gidwani paid a sum of Rs1.25 crore to Jagiasi by illegal means to influence CBI officials to show favours to them in the Adarsh scam case, it said. Of this sum, Rs25 lakh was reportedly paid to Goswami.

The CBI stumbled on the bribery case following Jagiasi’s arrest, on February 20, in connection with another case. While investigating that case, the CBI had seized Jagiasi’s account books. They said the petty cash book maintained by Jagiasi revealed entries of cash transactions between Gidwani, him and Goswami.

As per the records, Jagiasi was given Rs25 lakh in several installments between February, March and April, 2011. Another installment of Rs60 lakh was paid to Jagiasi between October, and December 2011. The remaining amount of Rs40 lakh was given in January and February 2012, they said.

In the remand application CBI has stated that as per Jagiasi’s bank account details, some of the installments of Rs1.25 crore were deposited in his and his family’s accounts. Following these revelations, the CBI collected the call record details of Jagiasi and Gidwani.