CBI books former RVNL CMD in corruption case after Lokpal orders

After he used to be all of a sudden sacked in July this yr, the Central Bureau of Investigation booked the previous CMD of Rail Vikas Nigam Ltd (RVNL) at the orders of Lokpal. He’s accused of diverting round Rs. 1100 crore of presidency price range to a non-public corporate preferred by means of him. Ahead of his dismissal, he used to be managing the federal government’s prestigious bullet educate undertaking as managing director, Nationwide Prime-Pace Railway Company Ltd (NHSRCL).

The non-public corporate Krishnapatnam Rail Co Ltd (KRCL) has additionally been booked by means of the CBI and a case is registered underneath segment 120 B of IPC. The sections are associated with prison conspiracy and the prevention of corruption.

In its order recommending the CBI probe, the Lokpal has famous the misuse of place of job by means of Agnihotri, who diverted round Rs. 1100 (which might quantity to 1,600 crore with passion), to KRCL in an unauthorized way.

In step with the grievance, Navyuga Engg Co Ltd (NECL) owned a non-public port in Krishnapatnam and desired to attach it to the railway community by means of setting up a 110-kilometer line.

RVNL and NECL shaped a three way partnership corporate KRCL in 2005-06, which won the diverted price range.

Lokpal additionally famous that Agnihotri immediately violated CVC pointers when he used his contacts at RVNL, the place he labored for 9 years, to get many huge contracts from RVNL to NECL.

Agnihotri used to be supplied with a profitable task at NECL, with perks together with luxurious vehicles and a farmhouse in Mehrauli, amongst different issues after retirement from RVNL in 2018.

The grievance additionally data that during 2011, simply ahead of the West Bengal elections, then Union Minister for Railways Mamata Banerjee, handpicked Agnihotri as MD, RVNL by means of “leaping” a number of senior officials.

The Lokpal emphasized Agnihotri’s huge advantages underneath the Efficiency Similar Pay Coverage, which have been unrivaled by means of his friends in different PSUs. The anti-corruption watchdog additionally flags how Agnihotri used to be employed by means of NECL at an exorbitant wage in a while after his retirement.

In his detailed submissions to the Lokpal, Satish Agnihotri denied the allegations in opposition to him, claiming that the complainant started making those allegations in opposition to him most effective after his appointment as MD of NHSRCL. He even alleged that the complainant threatened him and his circle of relatives over WhatsApp chats.

With Inputs from PTI

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