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  • Brakel case: SVACB files status report in Himachal HC
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States » NorthPosted at: Oct 14 2020 8:14PM


Brakel case: SVACB files status report in Himachal HC

Shimla, Oct 14(UNI) Himachal State Vigilance and Anti-Corruption Bureau (SVACB) filed status report before High Court supporting charges against a Netherlands-based Brakel Corporation NV for alleged fraud in obtaining the twin Jangi-Thopan and Thopan- Powari hydropower projects in Kinnaur district.
SVACB recently grilled two of its former Officers as they were summoned by agencies to participate in the investigation.
Two former Brakel officers also succeed to get anticipatory bail which was listed for confirmation on Wednesday.
Due to demise of a member of Himachal Pradesh High Court Bar association, the advocates of both parities were abstained from hearing on Wednesday.
A three-line order issued by the High Court said that Investigation unit filed the status report in the matter and next hearing of the case was fixed for October 29.
During the previous hearing, HC had asked the Vigilance Bureau probing the fake bank guarantees and submitting forged documents before the allotment of alleged multi-crore hydro Project to a fraudulent company which was investigated by a SIT of SVACB.
Probe concluded that Brakel Corporation NV had deliberately misrepresented the facts and submitted false documents along with bids to the state electricity board and the state government.
The company, which was allotted the twin projects, had deposited the first installment of upfront premium amounting to Rs 173.42 crore but did not deposit the second installment of Rs 173.42 crore in spite of repeated reminders on one pretext or the other.
The government had also served show cause notices thrice for non-payment of the balance amount to errant firm but the company raised some queries regarding the draft of Pre Implementation Agreement (PIA).
The government told the company that the payment of upfront premium had no link with PIA and in fact depositing the total upfront premium was pre-condition for signing the PIA.
Finally, the upfront premium was deposited by the company from account of M/s Brakel Kinnaur Power (P) Limited which was not the allottee company.
Neither the HPSEB nor the state government was aware of the existence of the company by the name M/s Brakel Kinnaur Power (P) Limited nor the allottee company ever informed the government about the existence of subsidiary company.
Recently the Project was annulled by the government as second highest bidder that is Relience power didn't showed any interest to execute the Project now handed over to public sector mini blue-chip firm Satluj Jal Vidyut Nigam limited (SJVNL) by the Jai Ram Thakur Government as the MOU wad signed with the government and SJVNL during global investment meet at Dharmshala in 2019.
UNI ML JW2010
Tags: #Brakel case: SVACB files status report in Himachal HC
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