Probe Agency Files Money Laundering Case Against Sanjay Bhandari
A rate sheet was once filed via the ED on this case in June (Representational)
New Delhi:
The Enforcement Directorate has filed a cash laundering case in opposition to on run defence guide Sanjay Bhandari to probe kickbacks price USD four.99 million allegedly gained via him from South Korean primary Samsung Engineering Co Ltd (SECL) in 2009, officers mentioned on Monday.
Bhandari’s company was once paid via SECL, in violation of laws, to steer govt officers in awarding a Rs 6,744-crore contract for putting in place a Twin Feed Cracker Unit in Gujarat to OPaL, an organization promoted via some oil PSUs, together with ONGC, they mentioned.
OPaL, in flip, awarded the contract of the mission to a consortium of SECL and Germany’s Linde for Rs 6875.11 crore, they mentioned.
They mentioned the central probe company has filed an Enforcement Case Data Record (ECIR), an identical to a police FIR, underneath the Prevention of Cash Laundering Act (PMLA) to probe those dealings.
The company took cognisance of a CBI FIR filed early this month in opposition to Bhandari and others within the case, they mentioned.
That is the second one cash laundering case in opposition to Bhandari after he was once booked via the Enforcement Directorate (ED) for alleged ownership of undisclosed belongings in another country and different fees in February, 2017.
A rate sheet was once filed via the ED on this case in June.
The central probe company mentioned Bhandari had no longer cooperated with it within the probe within the first case and had run clear of the rustic and was once remaining mentioned to be in the United Kingdom or a close-by nation.
In the most recent case, the CBI has charged Bhandari for allegedly receiving kickbacks price USD four.99 million from SECL in 2009 to steer govt officers in awarding the Rs 6,744-crore contract to ONGC Petro Additions Ltd (OPaL), an organization promoted via PSUs like ONGC, GAIL and Gujarat State Petroleum Company.
The allegation is that the Twin Feed Cracker Unit (DFCU), the CBI had mentioned, which was once to be arrange at Dahej Petrochemical Advanced in Gujarat, was once awarded in favour of SECL in 2009 and advance bills had been launched to it from ONGC in contravention of Central Vigilance Fee (CVC) tips.
In its FIR, the CBI has additionally named the then Senior Supervisor of SECL Hong Namkoong, UK-based Foster Wheeler Power Ltd, and Bhandari’s UAE-based corporate Santech Global FZC, but even so unidentified officers of ONGC and OPaL, for alleged corruption within the award of the contract.
The mushy for the DFCU mission was once floated on April 20, 2007 for which two consortiums — Germany’s Linde and Korean SECL, and USA-based Shaw Stone and Webster and Indian Larsen & Toubro — submitted their bids.
Linde and SECL consortium received the contract at their quoted “lump sum worth of Rs 6875.11 crore” at the foundation of upper Web Provide Price (NPV).
NPV of Linde and SECL was once calculated to be round Rs four,160 crore whilst that of Shawstone and Webster and L&T round Rs three,918 crore.
The mushy committee got here to the belief that NPV of Linde and SECL was once upper and lump sum costs had been 7.75 consistent with cent less than the competing consortium.
The opposite consortium challenged the verdict however the objection was once became down and the contract was once awarded to Linde and SECL consortium for a lump sum worth of over Rs 6,744 crore on February 10, 2009.
The settlement signed between the consortium and ONGC and OPaL had an integrity pact which mentioned no agent or guide was once to be engaged and no fee or charge may well be paid in opposition to the contract in India or in another country, the CBI had mentioned.
The CAG had additionally raised objections to it and the mission was once no longer finished even two years after the cut-off date of August 2012.
The CBI has alleged that Bhandari in its Source of revenue Tax returns didn’t expose repairs of overseas financial institution accounts within the title of Santech Global and in addition the receipt of USD four.99 million.
Bhandari’s case first got here to gentle after the Source of revenue Tax division carried out searches in opposition to him in April, 2016 and recovered positive “delicate” legit defence paperwork from his premises.
The tax division had booked him underneath felony fees of the anti-black cash legislation.
