Wednesday, April 4, 2012

Can the CBI Decipher the Tatra Vectra Maze?

Photo: Mr. Ravi Rishi with Gen. SJS Saighal- pressing the gong at NSE Listing ceremony...

Tatra a.s. has got a new Supervisory Board after the Vectra led consortium Tatra Holding (formerly Blue River s.r.o.) acquired Terex Corporation share in Tatra a.s. in September 2006. The new supervisory board would have a member each from the shareholders that include Vectra Limited, KBC Private Equity & Sam Eyde plus 2 representatives from the labour union. Mr. Ravi Rishi, Chairman— Vectra Group has been nominated as the member & Chairman of the Tatra Supervisory Board. The first supervisory board meeting took place on December 7th 2006 at the registered office of Tatra a.s. in Koprivnice. Amongst other things discussed at the Board meeting was the Business Plan for 2007 which should see a sustained growth in sales of Tatra Trucks. After the fall of eastern markets, Tatra Koprivnice found itself on the brink of bankruptcy several times, but its financial situation has been improving since last year. With new shareholders bringing in a blend of financial and marketing strength, things are looking up yet again for the versatile mCzech Truck manufacturer.
Global Vectra Helicorp Limited (GVHL) (BSE Code 532773; NSE Code GLOBALVECT), got listed on the Bombay Stock Exchange and the National Stock exchange on 27th October 2006 and there has been no looking back since. This has been possible due to the strong fundamentals of the company and its performance on the business plans announced at the time of entry into the capital markets. Lt. Gen. (Retd) S.J.S. Saighal, Chairman, Global Vectra Helicorp Limited said, “We had promised our share holders that GVHL is an aggressively growing air logistics company and will bring tremendous value to their share price and we have kept that promise. GVHL is planning to increase its fleet to 29 helicopters by 2009 and we also intend tapping the deep sea air logistics market which is the next big opportunity.”
After strengthening its position in the Indian market, the company is looking at moving to other Asian countries as well. The company has been receiving proposals for contracts from shores of Sri Lanka, Malaysia and other countries around the Indian subcontinent.
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Lt. Gen. (Retd) S.J.S. Saighal
What made the MoD sit up is the fact that Lt Gen H S Sehgal, closely involved in the year-long field trials to evaluate the Eurocopter and Bell machines, is closely related to Lt Gen (retd) S J S Saighal, the chairman and managing director of Global Vectra Helicorp and Vectra Aviation which is the sole distributor of Eurocopter in India. Lt Gen Sehgal, currently posted as Chief of Staff, Army Training Command, was closely involved with the field evaluation and preparation of trial reports for the two helicopters during his tenure as Technical Manager (Land Systems) in 2004-05.
MoD probes middleman charge in $600-mn deal, seeks Eurocopter reply
Comment: Ravi Rishi, Lt Gen SJS Saighal, Lt Gen Seghal, Lt Gen Tejinder Singh alongwith IAS crooks are linked to dubious Politicians (and their sons) and are milking the Defence Forces in the name of National Security and Secrecy. CBI's onerous duty is to decode the corruption route to the Swiss Banks and unearth the beneficiaries. Home Minister P Chidambaram holds the key to unravelling the scam!

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