Saturday, May 26, 2012

Investigation of BEML Chief stalled? Will he escape?

More trouble for BEML chief Natarajan?

Executive Profile
VRS Natarajan
Chairman of the Board and Managing Director, BEML Limited
Age Total Calculated Compensation This person is connected to 15 board members in 1 different organizations across 1 different industries.
Background
Shri VRS Natarajan serves as the Managing Director and Chairman and of Bharat Earth Movers Ltd. Corporate Headquarters
BEML SOUDHA
Bangalore, Karnataka 560027 India
Phone: 91 80 2296 3240
Fax: 91 80 2296 3278
Board Members Memberships
Chairman of the Board and Managing Director
BEML Limited
Education
There is no Education data available. Other Affiliations
There is no Company Affiliations data available. Salary 1,464,638
Total Annual Compensation 1,464,638
Stock Options
All Other Compensation 2,452,039
Total Compensation
Total Annual Cash Compensation 3,916,677
Total Short Term Compensation 1,464,638
Other Long Term Compensation 2,452,039
Total Calculated Compensation
BEML Chief Executive Profile

Government deserves a spineless Chief for corrupt weapon deals

India | Posted on May 24, 2012 at 11:39am IST No farewell speeches for Army Chief Gen VK Singh at Antony's dinner New Delhi: Defence Minister AK Antony's dinner for outgoing Army Chief Gen VK Singh on Wednesday night was marked by bonhomie but there were no farewell speeches.
No speeches were made at the farewell dinner for Gen Singh and his wife Bharati Singh hosted by Antony and his wife Elizabeth, sources said on Thursday, adding it was unusual as generally officials present say a few lines about the outgoing Service chiefs at farewell functions. The Army chief, who retires on May 31, has been involved in a tussle with the Defence Ministry over several issues including the row over his date of birth.
Defence Ministry spokesperson Sitanshu Kar said there was "bonhomie" at the dinner where the Defence Minister and his wife played perfect hosts at the Army Battle Honours Mess. Antony gifted a silver bowl to the outgoing chief as a memento.
National Security Advisor Shiv Shankar Menon, Defence Secretary Shashikant Sharma, Director General Acquisition Vivek Rae, IDS Chief Vice Admiral Shekhar Sinha and Navy Chief Admiral Nirmal Verma were present on the occasion.
Gen Singh's last major function would be the National Defence Academy passing out parade on May 30 in Khadakvasla near Pune.
He will hand over the reins of the Army to Lt Gen Bikram Singh on May 31 afternoon.
No farewell speeches for Army Chief Gen VK Singh at Antony's dinner
Comment: Price for Professionalism and Patriotism. The Military needs leaders who are loyal to the troops and serve the Nation and free from corrupt practices.

DRDO is Bedrock of Corruption: Needs thorough overhaul

The Missile that Cannot Fire – Long delays, cost escalation damage DRDO’s reputation Posted on May 4, 2012 by admin
Amarnath K, Menon and Gaurav C. Sawant – April 13, 2012 – India Today
The Defence Research and Development Organisation (DRDO) was set up in 1958 with a vision to “provide our defence services a decisive edge by equipping them with internationally competitive systems and solutions”. The DRDO has clearly failed in its mission.
There is no bigger indictment of India‘s premier organisation for research and development in military hardware than the fact that 54 years after its establishment, India still imports 70 per cent of its equipment requirements. In 1997, India best known defence bureaucrat and the then scientific adviser to defence minister, APJ Abdul Kalam, had said that India should bring the share of imports in defence equipment purchases down to 30 per cent by 2005. No progress has been made. The percentage is still 70-30 in favour of imports.
DRDO passes its expertise to NTRO – I
All the stalwarts of DRDO who were master of manipulating government funds, misinterpretation of government rules having expertise in inculcating a negative attitude towards self reliance and always planning commission and omission through bulk purchases were shifted to NTRO an agency established by the government after KARGIL debacle. The modus operandi of DRDO & NTRO experts/bosses are twin in appearance, if CBI enquires in depth the enquiry will reveal that the entire procurement/ recruitment system are identical.
Deccan Herald
Under veil of secrecy, elint outfit gobbles funds Chandan Nandy, Bangalore, Mar 20, 2012, DHNS:
Less spying and more misuse of resources in elite security set-up
Comment: DRDO under MOD is festering with corruption. The bureaucrats have evolved with the best brains to spin Tax payers money and make easy money through money laundering cycle perfected by Criminal Politicians- Difficult to unearth. DRDO chief is a stooge positioned by MOD
Click here for more on DRDO

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