The CBI is likely to seek assistance of the Serious Fraud Office (SFO) of the UK in its investigations into the alleged payoffs to middleman by the London-based Rolls-Royce company to secure defence contracts worth `10,000 crores from the defence PSU, Hindustan Aeronautics Limited (HAL).
The Britain’s anti-fraud watchdog conducted its own investigations into the Rolls-Royce’s dealings in Asia. The CBI on March 21 had registered a preliminary enquiry (PE) to probe alleged payment of kickbacks in the purchase of spare parts of the engines of the helicopters to the industrial and marine gas turbine division of the HAL.
Sources said the PE has been registered against unknown officials of the HAL, M/s Rolls-Royce and the owner of the Aashmore Private Limited. The CBI is also scrutinising details of the internal audit conducted by the UK-based company, sources said.
“The CBI is probing alleged payment of kickbacks in the purchase of spare parts of the engines of the helicopters to the industrial and marine gas turbine division of HAL. The allegations surfaced in the form of a letter received by HAL recently claiming that bribes were paid to officials in HAL and other departments concerned to bag contracts”.
“We have come to know that M/s Rolls Royce is already under the scanner of the SFO (UK). The British engine manufacturer was ordered by the SFO to hand over details of possible bribery and corruption in China, Indonesia and other overseas markets in December 2012. The SFO probed the alleged use of intermediaries by the Rolls Royce to win certain overseas contract”, sources said. “The CBI may seek assistance of the SFO (UK) in its probe against the British firm”, sources said.
The CBI is also scrutinising details of the internal audit conducted by the UK-based company, sources said. Rolls Royce, in a letter written to HAL in December last, had said that it had employed a Singapore-based person identified as Ashok Patni and his firm Aashmore Private Limited as commercial advisor in India, providing sales and logistical support, local business support and strategic advice.
The firm also told HAL that it had severed ties with Aashmore and its owner in 2013. “The commissions, if any, paid by the firm are in violation of the procurement rules in India which prohibits hiring of middlemen or commission agents while transacting deals with the Defence ministry,” sources said.
via The Asian Age
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The Britain’s anti-fraud watchdog conducted its own investigations into the Rolls-Royce’s dealings in Asia. The CBI on March 21 had registered a preliminary enquiry (PE) to probe alleged payment of kickbacks in the purchase of spare parts of the engines of the helicopters to the industrial and marine gas turbine division of the HAL.
Sources said the PE has been registered against unknown officials of the HAL, M/s Rolls-Royce and the owner of the Aashmore Private Limited. The CBI is also scrutinising details of the internal audit conducted by the UK-based company, sources said.
“The CBI is probing alleged payment of kickbacks in the purchase of spare parts of the engines of the helicopters to the industrial and marine gas turbine division of HAL. The allegations surfaced in the form of a letter received by HAL recently claiming that bribes were paid to officials in HAL and other departments concerned to bag contracts”.
“We have come to know that M/s Rolls Royce is already under the scanner of the SFO (UK). The British engine manufacturer was ordered by the SFO to hand over details of possible bribery and corruption in China, Indonesia and other overseas markets in December 2012. The SFO probed the alleged use of intermediaries by the Rolls Royce to win certain overseas contract”, sources said. “The CBI may seek assistance of the SFO (UK) in its probe against the British firm”, sources said.
The CBI is also scrutinising details of the internal audit conducted by the UK-based company, sources said. Rolls Royce, in a letter written to HAL in December last, had said that it had employed a Singapore-based person identified as Ashok Patni and his firm Aashmore Private Limited as commercial advisor in India, providing sales and logistical support, local business support and strategic advice.
The firm also told HAL that it had severed ties with Aashmore and its owner in 2013. “The commissions, if any, paid by the firm are in violation of the procurement rules in India which prohibits hiring of middlemen or commission agents while transacting deals with the Defence ministry,” sources said.
via The Asian Age
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