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Ex-Nalco chief, wife convicted in graft case

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An ED special court convicted Abhay Srivastava, former Nalco CMD, his wife, and two associates for money laundering. They were found guilty of receiving bribes from contractors in exchange for a coal supply tender. The investigation revealed illicit funds were used to purchase and conceal gold bars, stored in a bank locker operated by Srivastava's wife.

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