Thursday, April 25, 2013

CBI arrests 5 bigwigs for SIFL defence scam

The CBI Kochi unit has arrested five persons, including a senior defence official  in connection with issuing tender for supply of battle tank components to Steel Industries Forging Limited (SIFL), Thrissur.

V K Pande, general manager of the Defence Ordnance Factory Medak, was arrested on Wednesday after interrogation. Earlier in the day the CBI arrested T Muralidhar Bhagavat, managing director, AMW-MGM Forgings Pvt Ltd, Mysore, Mugilan K R, deputy general manager - marketing, AMW-MGM Forgings, and two suspended officials of SIFL - managing director S Shanavas and marketing manager Valsan.

They were arrested after being called to the CBI office as part of the inquiry. They will be produced before the CBI Special court here on Thursday, officials said. The officials from SIFL and AMW-MGM quoted a higher amount for the defence deal. Subi Mally, the woman intermediary in the deal, asked for 12 percent commission from these officials as consultation fee. Subi, earlier arrested by the CBI, is out on bail.Subi had submitted before the CBI that she had given `3 lakh to Panda for issuing tender to SIFL.

The CBI in February had conducted raid at V K Pande’s house at Medak, following which it received some vital information regarding his role in the deal.

The case was that Subi, the business woman from Mumbai, came to know about the tender submitted by SIFL for supply of road wheel arms, a component in artillery tank, to the Ordnance Factory, Medak.

Pande, was also ‘involved’ in a similar scam while he was serving at Heavy Vehicles Factory, Avadi, in 2009.
By Express News Service - KOCHI
25th April 2013 08:19 AM

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