Tatra: CBI issues alert against Vectra chief

Agency has found evidence to suggest that Ravi Rishi violated procurement guidelines.

Written by Express News Service | New Delhi | Published: April 2, 2012 2:40 am

The CBI today issued a restraint order to prevent Vectra group chairman Ravi Rishi,under the scanner for alleged irregularities in the Rs 5,000-crore Tatra-BEML deal,from leaving India. Lookout notices have been issued at all airports,exit points and major ports to ensure that the London-based NRI businessman does not leave the country.

Sources said the CBI is likely to call Rishi,57,for questioning again,with the agency finding evidence to suggest that he violated procurement guidelines.

The CBI has reportedly found that Rishi,named as an accused in its FIR,misrepresented the company while bagging the contract to supply Tatra trucks to the Army. Vectra is a majority stakeholder in Tatra.

The agency has taken custody of files related to the Tatra-BEML deal from the Ministry of Defence and will now start examining defence officials and officials of the state-owned Bharat Earth Movers Limited.

Meanwhile,the CBI said they are still waiting for a detailed complaint from Army Chief General V K Singh after his allegation that Lt Gen (retired) Tejinder Singh had offered him a bribe for clearing a consignment of the “sub-standard” Tatra trucks. The Army Chief had told CBI officials that he would file a detailed complaint by Monday or Tuesday.

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