Tatra deal: CBI questions Ravinder Rishi
Vectra chairman Ravinder Rishi was today questioned by the CBI in connection with alleged irregularities in the supply Tatra all-terrain trucks as it prepares to quiz the BEML Chairman V R S Natarajan tomorrow.delhi Updated: Apr 16, 2012 20:27 IST
Vectra chairman Ravinder Rishi was today questioned by the CBI in connection with alleged irregularities in the supply Tatra all-terrain trucks as it prepares to quiz the BEML Chairman V R S Natarajan tomorrow.
57-year-old British national Rishi, named as an accused in CBI's FIR in alleged irregularities in purchase of the Tatra trucks, has now been quizzed seven times at the CBI headquarters here. Rishi has a substantial stake in Tatra Sipox UK.
Natarajan has been asked to appear before the agency tomorrow.
CBI has registered a case naming Rishi and unnamed officials of Defence Ministry, Army and BEML on March 30 for alleged criminal conspiracy, cheating and relevant sections of the Prevention of Corruption Act.
CBI is probing alleged irregularities in assigning of supply from Czechoslovakia-based Tatra, with which the agreement was originally signed in 1986, to the Tatra-Sipox UK owned by Rishi in 1997 showing it as original equipment manufacturer and the fully-owned subsidiary of Czech company, they said.
A CBI spokesperson had said this was against the provisions of Defence Procurement Procedure for supplying the vehicles to Indian Army on the basis of the orders placed by the Ministry of Defence.
"It is further alleged that in this manner, vehicles worth thousands of crores of rupees have been supplied to the Indian Army. In continuation of the aforesaid conspiracy to cause undue benefit to the UK-based company, the unknown officials of the Defence PSU allowed change of currency from US Dollar to Euro and further by not levying the Liquidated damages, thereby causing further loss of Rs 13.27 crores," the CBI spokesperon had said.