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CBI arrests ammunition deal officials over Rs 500 crore bribes

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CBI arrests arms execs
  • CBI arrested Munitions India Ltd director Anil Kumar and SMPP CEO Ashish Kansal for bribery.
  • The arrests involve a Rs 500 crore ammunition contract to SMPP for supply to Indian Army.
  • CBI seized Rs 2.23 crore cash from premises in Pune, Mysuru, Bengaluru and Delhi.
  • A special CBI court remanded Kumar, his brother B Harshavardhan, and Kansal to custody until Oct 19.
  • The defence ministry suspended Kumar and may ban SMPP from future contracts.
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