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Parliament panel seeks CBI probe against IFCI CEO

AK Rai has also been charged with misbehaviour with BJP MP Rajiv Pratap Rudy.

News18test sharma |

Updated:December 13, 2011, 4:05 PM IST
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Parliament panel seeks CBI probe against IFCI CEO
AK Rai has also been charged with misbehaviour with BJP MP Rajiv Pratap Rudy.

New Delhi: Parliament's Privilege Committee on Tuesday has recommended a probe by the Central Bureau of Investigation (CBI) against Industrial Fincancial Corporation of India (IFCI) CEO and Managing Director Atul Kumar Rai while moving a privilege motion against him.

Sources say the privilege committee has charged Rai with misleading the committee by representing facts related to his appointment as IFCI CEO and Managing Director .

They added that the committee found that despite a huge bailout package running into crores of rupees to IFCI, the Finance Ministry does not have any control over the functioning of the IFCI.

Rai has also been charged with misbehaviour with BJP MP Rajiv Pratap Rudy. Rudy had met Rai in January 2010 in connection with rehabilitation of a sick sugar mill.

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