Rajesh Agarwal of Micromax Arrested on Bribery Charges

In a brazen act of driving corruption, owners of Micromax Informatics, Rajesh Agarwal and Manish Tuli were arrested in a bribery case.

The Central Bureau of Investigation has caught the co-founder and managing director of Micromax Informatics, Rajesh Agarwal, and partner Manish Tuli, red-handed in a bribery case, paying Rs 30 lakh as bribe to certain officials of the MCD as they wanted to set up a banquet hall in the Wazirpur area in North Delhi of the NCR region. It is reliably learnt that the demand from the MCD officials was apparently for Rs 50 lakh.

A mobile and smart devices, focused organisation, the Gurgaon-based Micromax is one of the biggest success stories of India and is the 12th largest mobile handset maker in the world, according to its website.

This comes at a time when the company is surging ahead with its smartphone and tablet launches and is seen as a big driving force to drive mobility devices in the non-metro locations of the country.