New Delhi, March 21 -- CBI arrested two accused, including a Senior General Manager of Power Grid Corporation of India Ltd. and the Deputy General Manager of a private company, immediately after the exchange of Rs 2.4 lakh bribe.

The bribe was allegedly paid to extend undue favours in processing and passing bills related to the PSU contracts awarded to the private company.

The arrested accused have been identified as Uday Kumar, Senior GM of Power Grid Corporation of India and Suman Singh, DGM of KEC International Limited.

The CBI registered a case against six accused on March 19, including the senior general Manager of Power Grid Corporation of India Ltd., posted at Ajmer, a Mumbai-based private company, four representatives of the sa...