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CBI books former DGH chief for 400cr scam
‘Officials Favoured US Firm’s Arm’
TIMES NEWS NETWORK
New Delhi: The Central Bureau of Investigation on Friday raided 15 premises, including those belonging to V K Sibal — former head of the oil ministry’s regulatory arm for exploration companies — and the Indian subsidiary of a US survey firm after registering a case alleging nexus in awarding contracts.
The agency registered the case on the basis of a report by the government’s anti-corruption watchdog, the Central Vigilance Commission. The report said Sibal and six other officials of the Directorate General of Hydrocarbons (DGH) caused a loss of approximately Rs 400 crore by awarding a contract in 2005 for conducting seismic survey along the Indian coastline to GX Technologies without inviting bids for the exercise.
CBI spokesperson Dharini Mishra explained, “The officials of DGH had given undue favours to GX Technologies in speculative seismic survey in lieu of personal favours.”
The agency has alleged the contract was awarded at an “exorbitant cost”.
Other directorate officials named in the case are chief geologist D K Rawat, manager (finance and accounts) T S L N Reddy, advisor (geophysics) S K Jain, head of accounts K A Murli, chief chemist Savinder Gupta and advisor (contracts) Anurit Sahi.
The case also names GX Technologies and its manager (exploration) Sujata Subramaniam.
The agency conducted raids in Delhi, Dehradun, Noida and Mumbai. Sources said documents found in the course of these nationwide raids include those pertaining to ownership of properties and other assets.
SURVEY DIRT
CBI on Friday
raided 15 premises in four cities, including those belonging to V K Sibal
Sibal is former head of the Directorate General of Hydrocarbons — oil ministry’s regulatory arm for exploration companies
A CVC report said Sibal and 6 other DGH officials caused a loss of some 400cr
They allegedly awarded contract for seismic survey along Indian coastline to GX Technologies without a bidding process
Oil min official booked under anti-graft act
New Delhi: The CBI questioned V K Sibal, former head of the oil ministry’s Directorate General of Hydrocarbons, for nearly two hours on Friday during a raid on his Noida home. Sibal and six other officials are accused of causing a loss of approximately Rs 400 crore by awarding a contract in 2005 for conducting seismic survey along the Indian coastline to GX Technologies without a bidding process.
The CBI team also found documents relating to the case and movable and immovable property owned by him.
Sibal headed DGH between 2004 and 2009. The CBI had registered a ‘preliminary enquiry’ in November 2009 following complaint by the CVC that Sibal was allegedly favouring certain companies and trying to scuttle a vigilance probe.
The CBI lodged the case under the provisions of the Prevention of Corruption Act. Sources in the agency said there were several discrepancies between the directorate’s mandate and the work carried out by private players and foreign consultants involved in exploration.
http://epaper.timesofindia.com/Dail...T=true&login=default&pub=TOI&AW=1309603659328
CBI books former DGH chief for 400cr scam
‘Officials Favoured US Firm’s Arm’
TIMES NEWS NETWORK
New Delhi: The Central Bureau of Investigation on Friday raided 15 premises, including those belonging to V K Sibal — former head of the oil ministry’s regulatory arm for exploration companies — and the Indian subsidiary of a US survey firm after registering a case alleging nexus in awarding contracts.
The agency registered the case on the basis of a report by the government’s anti-corruption watchdog, the Central Vigilance Commission. The report said Sibal and six other officials of the Directorate General of Hydrocarbons (DGH) caused a loss of approximately Rs 400 crore by awarding a contract in 2005 for conducting seismic survey along the Indian coastline to GX Technologies without inviting bids for the exercise.
CBI spokesperson Dharini Mishra explained, “The officials of DGH had given undue favours to GX Technologies in speculative seismic survey in lieu of personal favours.”
The agency has alleged the contract was awarded at an “exorbitant cost”.
Other directorate officials named in the case are chief geologist D K Rawat, manager (finance and accounts) T S L N Reddy, advisor (geophysics) S K Jain, head of accounts K A Murli, chief chemist Savinder Gupta and advisor (contracts) Anurit Sahi.
The case also names GX Technologies and its manager (exploration) Sujata Subramaniam.
The agency conducted raids in Delhi, Dehradun, Noida and Mumbai. Sources said documents found in the course of these nationwide raids include those pertaining to ownership of properties and other assets.
SURVEY DIRT
CBI on Friday
raided 15 premises in four cities, including those belonging to V K Sibal
Sibal is former head of the Directorate General of Hydrocarbons — oil ministry’s regulatory arm for exploration companies
A CVC report said Sibal and 6 other DGH officials caused a loss of some 400cr
They allegedly awarded contract for seismic survey along Indian coastline to GX Technologies without a bidding process
Oil min official booked under anti-graft act
New Delhi: The CBI questioned V K Sibal, former head of the oil ministry’s Directorate General of Hydrocarbons, for nearly two hours on Friday during a raid on his Noida home. Sibal and six other officials are accused of causing a loss of approximately Rs 400 crore by awarding a contract in 2005 for conducting seismic survey along the Indian coastline to GX Technologies without a bidding process.
The CBI team also found documents relating to the case and movable and immovable property owned by him.
Sibal headed DGH between 2004 and 2009. The CBI had registered a ‘preliminary enquiry’ in November 2009 following complaint by the CVC that Sibal was allegedly favouring certain companies and trying to scuttle a vigilance probe.
The CBI lodged the case under the provisions of the Prevention of Corruption Act. Sources in the agency said there were several discrepancies between the directorate’s mandate and the work carried out by private players and foreign consultants involved in exploration.