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Delhi court convicts former NALCO CMD, wife, two others in PMLA case
The Daily Guardian
|July 22, 2025
A Special Court in Delhi has convicted former Chairman-cum-Managing Director of National Aluminium Company Limited (NALCO), Abhay Kumar Srivastava, along with three others, in a high-profile money laundering case.
The judgment was delivered by the Special Judge (Prevention of Corruption Act), at the Rouse Avenue Court Complex under the Prevention of Money Laundering Act, 2002 (PMLA). The conviction pertains to offences arising out of an FIR registered by the Central Bureau of Investigation (CBI) in February 2011, which alleged that Srivastava accepted illegal gratification in connection with coal supply tenders floated by NALCO.
According to the CBI, bribes were routed through Bhushan Lal Bajaj, who acted as an intermediary between Srivastava and G S Bhatia of the Bhatia Group.
This story is from the July 22, 2025 edition of The Daily Guardian.
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