The Central Bureau of Investigation (CBI), West Zone, registered four cases against government officials and private firms for causing loss of revenue to the exchequer, on Wednesday and Thursday.
The biggest case was registered by the agency’s Anti-Corruption Branch. It was against Indian Oil Corporation Ltd’s (IOCL) Deputy General Manager Jatin Parekh and its Chief Finance Manager Mahesh Wagh.
The duo allegedly illegally awarded a contract worth Rs 221 crore to a private firm.
The raids were conducted on Thursday at IOCL’s Prabhadevi office, four Mumbai properties belonging to the two officials and a private company’s office in Vadodara.
No arrests were made.
At Parekh’s two flats in Goregaon, investments details worth Rs 73.32 lakh were found. The private firm, JLN Corporate Services, had illegally bagged the contract, it is alleged.
The CBI said Parekh and Wagh got into criminal conspiracy with Abhishek Nagori, managing director and owner of JLN Corporate. Nagori is a former IOCL employee.
The illegal contract was to collect concessional forms from across the country. The company collecting these forms earns a commission of 0.15 per cent on total sales value mentioned on each form.
CBI officials said JLN Corporate was given a contract to collect forms having a total sales value of Rs 221 crore. This entitled the private firm to Rs 33.15 lakh as commission.
According to CBI, the IOCL officials had not followed the proper tendering process and awarded the contract to JLN Corporate as Nagori was an ex-employee of IOCL.
The concessional forms fall in two categories. CBI officials have found that the contract to collect forms of one category could not have been given to a private firm and should have been collected by IOCL officials.
The CBI has registered cases under criminal conspiracy, cheating and Prevention of Corruption Act against the two officials. Nagori was charged under cheating and criminal conspiracy.