Micromax : Nothing like getting arrested?
Two owners of the popular mobile phone company Micromax mobile have been arrested in a bribery case in New Delhi. The Central Bureau of Investigation (CBI) caught the company bosses amidst a Rs 30 lakh bribe to the engineers of North Delhi Municipal Corporation for clearance to a banquet hall construction. Incidentally the whole scenario has nothing to do with the Micromax Mobile division, but since the owners were involved the company has come into dark waters.
The CBI on Wednesday arrested Rajesh Agrawal and Manish Tuli, both of Micromax Informatics, the officers also arrested two junior officials of the municipal corporation and carried out a total of 15 searches between MCD offices and Micromax owner residences and has recovered Rs 40 lakh in cash from the premises of one junior engineer Kapil Dev. Vikas Jain, co-founder and business director of Micromax, declined immediate comment on the matter. The Gurgaon-based company is the 12th largest mobile handset maker in the world, according to its website.
Micromax had recently launched the Micromax Canvas 4 and is ready to launch two new handsets in the next 45 days according to co-founder Vikas Jain. This will not affect the company’s operations in any form – said another spokesperson.