CBI arrests Everonn MD on bribery charges

At a time when the anti corruption movement is grabbing eyeballs, P Kishore, MD of Everonn has been arrested by the CBI on bribery charges. CNBC-TV18's Swathi Narayanan reports.

CBI sources say two others, including an additional commissioner of Income Tax, have also been arrested.

The arrest has been made on a bribery charge of Rs 50 lakh and for concealing income worth Rs 116 crore. The additional commissioner of income tax A Ravinder had searched the premises of Everonn.

Sources say the Everonn MD had asked, through a CA, that the amount be suppressed to Rs 60 crore. He had agreed to pay Rs 50 lakh as bribe.

The amount of taken to the additional commissioner in a cardboard box.

The additional commissioner wanted to transfer this amount to an undisclosed location, which is when the CBI got a tip off leading to the eventual arrests.

There has been no comment from Everonn on that matter.