Friday, May 18, 2012

Tatra drives holes in Army's Budget: Politicians and Bureaucrats Coffers and Pockets Padded

May 18, 2012 at 06:48am IST
BEML fleecing Army, providing poor service

New Delhi: In fresh trouble for defence PSU BEML, the Defence Ministry has received a complain accusing it of charging exhorbitant rates for spare parts of vehicles.
A copy of the complaint has been accessed by CNN-IBN. According to the complaint, BEML was over charging for spare parts of armoured recovery vehicles.
The complaint has cited cost escalation of up to 800 per cent in spare parts bought from BEML. The Defence Ministry has received a complaint accusing BEML of charging exorbitant rates for spare parts of vehicles.
New Delhi: In fresh trouble for defence PSU BEML, the Defence Ministry has received a complain accusing it of charging exhorbitant rates for spare parts of vehicles.
A copy of the complaint has been accessed by CNN-IBN. According to the complaint, BEML was over charging for spare parts of armoured recovery vehicles.
The complaint has cited cost escalation of up to 800 per cent in spare parts bought from BEML. The Defence Ministry has received a complaint accusing BEML of charging exorbitant rates for spare parts of vehicles.
Non-return valve, which costs an estimated Rs 1,600 was supplied by BEML at Rs 39,550 in 2008-09, whereas, bolts that cost Rs 424 were sold by BEML at Rs 15,480 in the same year.
The complaint further says that in 2010-11, truck axle available for Rs 5,242, were sold by BEML for Rs 1.25 lakh, which is an escalation of over 2000 per cent.
BEML fleecing Army, providing poor service
Related reading
CBI intensifies probe on Tatra deal; questions more people
Complex Tatra purchase deal making holes in Army's budget
Comment:Liechtenstein trusts legal claims Ravi Rishi. The scamster's flourishing business is all about a perfect money laundering cycling route in tax havens which will be buried like Bofors by CBI.

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