The Economic Times

CBI arrests Munitions India executive director, SMPP CEO in Rs 500 crore defence deal bribery case

The Central Bureau of Investigation arrested three individuals in an alleged bribery case. Anil Kumar, the executive director of Munitions India Ltd, was among those arrested. The case is linked to a 500 crore ammunition contract with SMPP Ltd. In total, the CBI seized about 2.23 crore in cash during searches across multiple cities.