ED documents funds laundering circumstance to probe STP scam in DJB, conducts searches | India Information


Enforcement Directorate, ED

The raids have been launched on July 3 and covering many locations in Delhi, Ahmedabad, Mumbai and Hyderabad. Image: X @dir_ed

&#13
The Enforcement Directorate on Friday said it seized Rs 41 lakh in income, “incriminating” paperwork and electronic products throughout lookups executed as aspect of a revenue laundering scenario connected to alleged corruption in the augmentation of some Sewage Treatment method Plants by the Delhi Jal Board (DJB).

&#13
The raids have been launched on July 3 and covering various sites in Delhi, Ahmedabad, Mumbai and Hyderabad, the probe company said in a assertion.

&#13
The money laundering investigation stems from an FIR of the Delhi authorities anti-corruption department (ACB) towards a enterprise named Euroteck Environmental Pvt Ltd. and others alleging a fraud in the DJB in the name of augmentation and upgradation of 10 Sewage Treatment method Plants (STPs) at Pappankala, Nilothi [Package 1], Najafgarh, Keshopur [Package 2], Coronation Pillar, Narela, Rohini [Package 3] and Kondli [Package 4].

&#13
These 4 tenders, valued at Rs 1,943 crore, ended up awarded to many joint undertaking (JV) entities in Oct, 2022.

&#13
According to the ED, the FIR registered by the ACB alleges that only three JV companies participated in the 4 tenders.

&#13
“While two JVs bought a person tender every, a single JV acquired two tenders. The a few JVs participated in the four STP tenders mutually to be certain that every a person received the tender,” as for each the ED.

&#13
The FIR alleges that the tendering disorders were made “restrictive” together with adoption of IFAS know-how to guarantee that choose few entities could take part in the four bids, it reported.

&#13
“The expense estimates in the beginning geared up was Rs 1,546 crore but was revised throughout the tender method to Rs 1,943 crore.

&#13
“It is further alleged that the contracts have been awarded to the 3 JVs at inflated fees which brought on a substantive decline to the exchequer,” in accordance to the central agency.

&#13
The ED stated its probe found that 4 tenders related to STPs valued at Rs 1,943 crore had been awarded by the DJB to a few JVs.

&#13
In all the 4 tenders, two JVs [out of three common JVs] participated in every single tender and all the a few JVs secured the tenders, the agency claimed.

&#13
“The prices adopted by DJB for upgradation and augmentation had been exact though the expense of upgradation is lesser than the cost for augmentation.

&#13
“All the 3 JVs submitted the identical encounter certification issued from a Taiwan Challenge to DJB for securing the tenders and the very same was recognized without any verifications,” it mentioned.

&#13
All the three JVs “sub-contracted” the function similar to the 4 tenders to Euroteck Atmosphere Pvt. Ltd., Hyderabad.

&#13
The verification of the tender paperwork displays that the preliminary price of 4 tenders was about Rs 1,546 crore which was revised to Rs 1,943 crore with out next thanks course of action/job reports, in accordance to the ED.

&#13
“Hard cash of Rs 41 lakh, various incriminating files and digital proof have been seized in the course of the lookups,” it stated.

(Only the headline and picture of this report may perhaps have been reworked by the Organization Standard team the rest of the content is auto-created from a syndicated feed.)

Initial Released: Jul 05 2024 | 1:45 PM IST



Source hyperlink

The raids have been launched on July 3 and covering many locations in Delhi, Ahmedabad, Mumbai and Hyderabad. Image: X @dir_ed 3 min go through Previous Current : Jul 05 2024 | 1:45 PM IST &#13 The Enforcement Directorate on Friday said it seized Rs 41 lakh in income, “incriminating” paperwork and electronic products throughout…