CBI REGISTERS A CASE AGAINST CMD OF M/S BEML & OTHERS AND CONDUCTS SEARCHES

Press Release New Delhi , 19.04.2012

The Central Bureau of Investigation has registered a case against CMD of M/s BEML, Bangalore; a private person who is a Director of a Coimbatore-based private Company and others U/s 120-B r/w 420 IPC and Sec.13(2) r/w 13(1)(d) of the Prevention of Corruption Act. It is alleged that the accused persons were parties to a criminal conspiracy entered amongst themselves at Bangalore and other places during 2004-09 to cheat M/s BEML in the matter of award of different works relating to the implementation of Enterprises Resource Planning Project in M/s BEML causing wrongful loss to M/s BEML and wrongful gain to others. Searches are being carried out today in the office and residential premises of the accused persons at Bangalore & Coimbatore. Further investigation is continuing.