NTPC director Kulamani Biswal suspended by government

18 December 2017

State-owned power giant NTPC said on Friday that its director (finance) Kulamani Biswal has been suspended by the power ministry.

Earlier this month, the Central Bureau of Investigation (CBI) had booked Biswal, along with two others, in connection with a case pertaining to corruption, and had carried out search at his residence at Asian Games Village.

“NTPC has been informed by Ministry of Power, Government of India vide order dated 14 December 2017 that the competent authority, in exercise of the powers conferred under NTPC Conduct Discipline and Appeal Rule 1977, has placed Kulamani Biswal, Director (Finance), NTPC under suspension with immediate effect,” an NTPC statement to BSE said.

The CBI had registered an FIR against Biswal, BGR Mining and Infra Private Ltd director Rohit Reddy Bathina and Prabhat Kumar.

It alleged that Biswal demanded from Bathina that he should arrange US dollars of about Rs5 lakh to be spent by him during his trip abroad.

Source: Livemint