CBI books alleged arms dealer for corruption involving Korean firm for ONGC-related contract

The CBI has booked purported arms dealer Sanjay Bhandari for allegedly receiving kickbacks worth USD 4.99 million from South Korean major Samsung Engineering Co Ltd (SECL) in 2009 to influence government officials in awarding a Rs 6,744 crore contract to a company promoted by central and state PSUs including ONGC, officials said. The agency has alleged that payments disguised as consultancy charges were understood to be bribes for public officials to swing the contract for setting a Dual Feed Cracker Unit (DFCU), used to produce ethylene and propylene, at the ONGC Petro Additions Ltd (OPaL), a company promoted by PSUs like ONGC, GAIL and Gujarat State Petroleum Corporation.

The allegation is that the DFCU, which was to be set up at Dahej Petrochemical complex in Gujarat, was awarded in favour of SECL in 2009 and advance payments were released to it from ONGC in contravention of Central Vigilance Commission (CVC) guidelines, they said.

ET Energy World
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