Mumbai, Oct. 15 -- The Central Bureau of Investigation (CBI) has arrested SMPP Limited CEO Ashish Kansal, state-owned Munitions India Limited executive director Anil Kumar and his brother B Harshavardhan in an alleged bribery case linked to a Rs.500-crore ammunition deal.

CBI officials said they recovered Rs.1.73 crore in cash after conducting raids at Kumar's premises in Pune. The CBI also seized Rs.50 lakh in cash, along with incriminating documents, during searches at premises in Mysuru and Bengaluru in Karnataka and Delhi, officials said.

The CBI on Monday registered a case against Kumar on allegations that, while posted at MIL in Pune as the organisation's executive director, he had allegedly connived with certain private vendors o...