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CBI files case against Adani Ent. Ltd, NCCF officials
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SME Times News Bureau | 16 Jan, 2020
In trouble brewing for the Gautam Adani-led M/S Adani Enterprises, the
Central Bureau of Investigation on Thursday said it has registered a
case against former officials of the National Co-operative Consumer
Federation (NCCF) and others over alleged irregularities in supply of
coal to the Andhra Pradesh Power Generation Corporation (APGENCO) in
2010.
The CBI in its FIR has named Virendra Singh, the then
Chairman of the NCCF, G.P. Gupta, the then MD of the NCCF, S.C. Singhal,
the then Senior Advisor of NCCF, Adani Enterprises Ltd and other
unknown public servants and others for criminal conspiracy, cheating and
criminal misconduct by public servants.
According to CBI, the
case was filed on Wednesday after the preliminary enquiry revealed the
crime by the officials named in the FIR and the Adani Enterprises was
found to be true.
The FIR alleged that on June 26, 2010, APGENCO
floated a tender enquiry for supply of six lakh metric tonnes of
imported coal "on free on rail destination" basis to Dr Narla Tata Rao
Thermal Station (NTTPS), Vijaywada and Rayalasaleema Thermal Power Plant
(RTTP), Kadapa, Andhra Pradesh/RTPP via
Kakinada-Vizag-Chennai-Krishnapatnam or any other ports.
The
same was forwarded by the Chief Engineer, APGENCO to seven PSUs -- PEC
Limited, STC Limited, MSTC Limited, NCCF, MMTC, Coal India Limited and
SCCL Limited.
The FIR alleged that during the probe, the Adani
Enterprises used a proxy company to get the supply contract. It said,
"NCCF received bids from six companies -- Adani Enterprises Ltd,
Maheshwari Brothers Coal Limited (MBCL), Vyom Trade Links Pvt. Ltd,
Swarana Projects Pvt. Ltd, Gupta Coal India Ltd and Kyori Oremen Ltd.
During
investigation it was found that Gupta Coal India Ltd had quoted the
NCCF margin of 11.3 per cent, while the MBCL quoted the margin of 2.25
per cent and rest did not quote any margin to the NCCF.
The FIR
said the quotes of the Gupta Coal India Ltd, Kyori Oremen Ltd and
Swarana Projects Pvt. Ltd were rejected by the NCCF as they were not
found to be fulfilling the tender conditions.
"Post tender
negotiation was done by senior officials of NCCF to give undue favour to
Adani Enterprises Ltd despite it not qualifing the tender (terms)," the
FIR said, adding instead of cancelling the bid of Adani Enterprise Ltd,
senior management of NCCF conveyed the offer margin to the company
through one of its representative -- Munish Sehgal, who was sitting in
the NCCF head office.
"It is prima facie evident that when the
bids were being processed at NCCF head office in Delhi, a representative
of Adani Enterprises Ltd. was informed regarding their imminent
rejection due to non-submission of NCCF margin and also that MBCL was
eligible bidder quoted 2.25 per cent margin," it alleged.
The
CBI in FIR further alleged that Adani Enterprises Ltd. had given an
unsecured loan of Rs 16.81 crore to Vyom Trade Links Ltd in 2008-09.
"And further it was revealed that the bank guarantees of the Adani
Enterprises Ltd. and Vyom Trade Links Ltd. were issues by the same
branch of the State Bank of India and at the same time," it said.
"It
was clear that Adani Enterprises Ltd. presented Vyom Trade Links Ltd.
as a proxy company in this particular tender and Vyom Trade Links Ltd.
later withdrew its offer on flimsy ground," the CBI FIR said.
"The
aforesaid acts of commissions and omissions on the part of the senior
management of the NCCF disclose that during their tenure, they acted in a
manner unbecoming of public servants and committed irregularities by
way of manipulation in the selection of bidders, thereby giving undue
favours to Adani Enterprises Ltd. in award of work for supply of coal to
APGENCO despite its disqualification," it added.
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