CBI files chargesheet against Ashok Singh, HPCL excs | business | Hindustan Times
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CBI files chargesheet against Ashok Singh, HPCL excs

business Updated: Sep 21, 2010 15:52 IST
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The CBI has filed a chargesheet against former Oil Sector Officers Association (OSOA) convener Ashok Singh and another Hindustan Petroleum Corp Ltd (HPCL) executive for alleged corruption and abuse of official position.

CBI filed the chargesheet against Singh, who was the then Chief Regional Manager at HPCL's Vashi Regional Office, and Station Manager Shishir Kumar Dubey for allegedly manipulating petrol pump meter readings and misappropriating funds during 2004 to 2007.

The chargesheet was filed in a CBI court here "to take cognizance of the offences under sections 120B read with 420 of IPC and under section 13(2) read with 13(1)(d) of the Prevention fo Corruption Act, 1988."

The investigating agency in the chargesheet stated that Dubey allegedly entered into a criminal conspiracy with Singh to misappropriate funds by "manipulating Dip readings resulting in reporting of lower stock loss and mismatch between derived sales quantities and nozzle sales."

It also charged the two with alleged misuse of Fleet Cards facility by not collecting amount in cash from select customers and misappropriation by fictitious swipes.

CBI alleged that Dubey in connivance with Singh manipulated Management Information System (MIS) to misappropriate funds and extend unauthorised discounts.

They extended unauthorised credit of over Rs 44.04 crore to 45 parties, resulting in loss of Rs 88.09 lakh to HPCL.

Singh was dismissed from service by HPCL in March last year.