CBI registers PE into Khemkas report on seed prices

CBI spokesperson Kanchan Prasad said,The CBI has registered a preliminary enquiry to probe into the alleged irregularities on the complaint of the then MD of HSDC

It is alleged that HSDC wanted to purchase 10,000 tonnes of wheat seeds from private suppliers in case cooperative agencies NCCF and NAFED did not have enough stock with them. The cooperative agencies allegedly offered to supply the seeds after which HSDC did not approach private suppliers.

These societies allegedly sourced untreated wheat seeds from three middlemen who got it from private companies and supplied them to HSDC at Rs 2,050 per quintal whereas if the the corporation had purchased directly from private players,it would have cost Rs 1,600 per quintal. The purchase at inflated prices resulted in a loss of Rs 5 crore to the exchquer,the CBI said.