A team of the Central Bureau of Investigation (CBI) will soon leave for the U.K. to get details about the bank account of an Indian firm, Ravina Associates, alleged to have received Rs 120 crore as kickbacks from a Russian company, Technopromoexport (TPE), which bagged the Rs 8,600-crore contract for NTPC’s project at Barh in Bihar.
Sources said the team would meet Crown Prosecution Service (CPS) officials and Scotland Yard to trace the chain of transactions and the firm’s associates.
The company’s Natwest Bank account was frozen by CPS on a request from CBI. Ravina Associates provided “consultancy” services to TPE, which bagged the NTPC contract for the 1,980-MW (660MWx3) Barh project in February 2005.
The company had approached a CBI court here to seek lifting of the restraint order on its bank account, so that it could meet an Income Tax demand of Rs 44.31 crore raised on the firm.
However, the plea was turned down by the court.