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Narendra Modi government may suspend Registrar of Companies Chennai following his arrest by CBI

Tuesday, 26 August 2014 - 10:58pm IST | Place: New Delhi | Agency: PTI

Government is likely to suspend Registrar of Companies (RoC), Chennai Manuneethi Cholan, who has been arrested by CBI on Tuesday for allegedly receiving Rs 10 lakh bribe.

"On receipt of communication from the CBI the person concerned is liable to be placed under suspension," a senior Corporate Affairs Ministry official told PTI. RoCs come under the Corporate Affairs Ministry.

CBI arrested Cholan for allegedly receiving a bribe of Rs 10 lakh from a noted industrialist MAM Ramaswamy who has been accused of bribing the official in connection with a meeting of his corporate group on Wednesday.

"The bribe was allegedly paid to declare the proceedings of Annual General Body Meeting, scheduled on Wednesday, null and void. The meeting was purportedly aimed at removing the industrialist from the Chairmanship of the companies owned by him," CBI spokesperson Kanchan Prasad said in New Delhi.

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