A CBI Special Court here on Thursday ordered custodial interrogation of V. Gurumurthy, a former official of the Minerals and Metals Trading Corporation of India (MMTC) Limited. He was arrested two days ago by the CBI in connection with the case registered against him and others for causing huge financial loss to the public sector undertaking by extending undue favour to a private company.
Producing him before the CBI Special Court here on Thursday, the investigation officer contended that the custodial interrogation was necessary to bring out more truth in the case.
L. Yousuf Ali, Principal Special Judge for CBI cases, permitted the CBI to interrogate him in custody for five days.
According to CBI, during 2007 to 2010, S. Gurusamy, former chief general manager, South Zone MMTC, and V. Gurumurthy, former general manager, along with some officials entered into a criminal conspiracy with N.P. Agarwal, proprietor of Shiv Shahai and Sons Ltd, to cheat MMTC in bullion trading through Buyers Credit Scheme. In pursuance of the conspiracy, the officials extended undue favours to Mr. Agarwal by abusing their official positions and caused loss to the extent of Rs.89.6 crore to the company.