Bribery case: Micromax MD Rajesh Agarwal resigns, sent to 7-day CBI custody

New Delhi: Micromax founder and managing director Rajesh Agarwal today resigned from his post at the company a day after his arrest by the Central Bureau of Investigation (CBI) in a case of bribery.

Micromax Informatics Limited in an email statement said that Agarwal has "stepped down from his duties and recused himself from the responsibilities" to "focus on the legal proceedings to clear his name of the alleged charges."

The company also clarified that Manish Tuli, the other accused in the bribery case who accompanied Agarwal, has no association with the company.

"Rajesh Agarwal was present in his personal capacity with Manish Tuli," Micromax said.

Co-owner of Micromax, Rajesh Agrawal (R), arrested by CBI in a bribery case, is produced in court in New Delhi. PTI

Co-owner of Micromax, Rajesh Agrawal (R), arrested by CBI in a bribery case, is produced in court in New Delhi. PTI

The CBI today produced in court the five accused in a case of bribery after they were caught red-handed by the investigation agency's sleuths on Wednesday, said a spokesperson of the agency. All the arrested persons were remanded to the custody of the CBI for seven days.

The arrested included two officials of the Municipal Corporation of Delhi, one official of Delhi Development Authority, the managing director at Micromax Informatics Ltd. Agarwal, and Tuli.

Agarwal, one of the founders of Gurgaon-based Micromax Infomatics, and Tuli were arrested by the CBI while they were offering a bribe of Rs. 30 lakhs to the public servants in relation to a banquet hall the two wanted to set up in Wazirpur in North set Delhi.

Updated Date: Dec 20, 2014 22:40 PM

Also Watch

Social Media Star: Abhishek Bachchan, Varun Grover reveal how they handle selfies, trolls and broccoli
  • Monday, July 16, 2018 It's a Wrap: Soorma star Diljit Dosanjh and Hockey legend Sandeep Singh in conversation with Parul Sharma
  • Monday, July 16, 2018 Watch: Dalit man in Uttar Pradesh defies decades of prejudice by taking out baraat in Thakur-dominated Nizampur village
  • Monday, July 16, 2018 India's water crisis: After govt apathy, Odisha farmer carves out 3-km canal from hills to tackle scarcity in village
  • Sunday, July 15, 2018 Maurizio Sarri, named as new Chelsea manager, is owner Roman Abramovich's latest gamble in quest for 'perfect football'

Also See