The Central Bureau of Investigation — which is probing the alleged payment by a Russian company, Technopromoexport (TPE), of kickbacks of around Rs 103 crore to its Indian agents to win a Rs 2,066 crore power project in Bihar — is almost over and the agency will shortly submit its chargesheet in the case.
The alleged kickback’s transaction had occurred in a “foreign country” and in a “foreign currency in which the money was handed over to the Russian company’s Indian agent,” according to a CBI official who requested anonymity. He added that the Interpol had alerted it of the transaction in the past.
The CBI, which had lodged a First Information Report in the case in 2006, is currently awaiting the receipt of case-related information or details concerning the activities and officials of the TPE it had sought from enforcement authorities belonging to UK and Latvia. The agency had earlier sought their assistance through a Letter rogatory, which is a formal request from an Indian court to a foreign court for judicial assistance.
CBI has already acquired from Russian authorities, who responded to a similar Letter rogatory, information and details it required related to the case, including on TPE officials and its global business network.
Its probe in India in the case, across all aspects of the “criminal conspiracy” behind the alleged payment that involved unknown officers of the NTPC, TPE officials and the Indian agent (Ravina and Associates Pvt Ltd).
The monetary transaction occurred abroad and in a foreign currency. The CBI is acquiring documentary and corroborative evidence to establish the crime.
“The probe in India is complete. We are now waiting for case related details that have been sought from UK and Latvia, once we get them the agency will file the charge sheet,” CBI’s spokesperson Harsh Bhal said.