CBI charge ex-regulator for favours to private firm - source

Fri Jul 1, 2011 6:48pm IST

Related Topics

(This is a replacement for previous stories that have been withdrawn)

NEW DELHI (Reuters) - The Central Bureau of Investigation (CBI) have charged former oil and gas exploration regulator V.K. Sibal with criminal conspiracy and granting undue favours to a private seismic exploration firm, a CBI source said on Friday.

Sibal could not immediately be reached for comment.

The CBI had earlier in the day searched the house of Sibal, a former director general of hydrocarbons, which regulates oil exploration and production, the police source had said.

"A FIR (charge) has been filed against him," the source at the CBI said on condition of anonymity.

"He has been charged with 120B criminal conspiracy and undue favours to a private firm," the source said, referring to the relevant section of the Indian Penal Code.

The case involved certain seismic explorations carried out by the firm in India, the source said.

The source declined to say if Sibal would be arrested.

(Reporting by C.J. Kuncheria; Editing by Jo Winterbottom)

FILED UNDER:

Monetary Policy Committee

Reuters Showcase

Microfinance

Microfinance

Funding the unfunded: India helps small business borrow to grow  Full Article 

Insurance Sector

Insurance Sector

UK healthcare firm Bupa sees strong growth in India  Full Article 

Sensex Rises

Sensex Rises

Sensex edges up; consumer and healthcare stocks rise  Full Article 

Market Eye

Market Eye

FTSE adds nine Indian firms as large-caps in Asia-Pacific ex-Japan index   Full Article 

Indian Ocean Diplomacy

Indian Ocean Diplomacy

PM Modi to ramp up help for Indian Ocean nations to counter China influence  Full Article 

ECB Bond-Buying

ECB Bond-Buying

ECB raises growth forecasts, to start printing money next week  Full Article 

China Economy

China Economy

China signals "new normal" with lower annual growth target  Full Article 

Pharma Sector

Pharma Sector

Panel recommends waiving late-stage trials for some drugs  Full Article 

E-commerce

E-commerce

China backs e-commerce expansion in win for Alibaba, JD.com  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage