April 14, 2012

Tatra Deal: ED registers Case against Vectra Chief

A case of money laundering has been registered against Vectra chief Ravi Rishi by the ED in connection with the purchase of sub-standard Tatra trucks for the Indian army.

The Enforcement Directorate (ED) registered the case against Rishi after Army Chief General VK Singh alleged that he was offered a bribe of Rs 14 crore by Lt Gen Tejinder Singh on behalf of Vectra Chief for clearing 600 sub-standard Tatra trucks in September 2010.

The case has been lodged under provisions of the Prevention of Money Laundering Act after the CBI registered a case against him.

Rishi along with few others will be interrogated by the agency in the case. Earlier, the CBI had questioned Rishi in connection with the Tatra truck deal of supplying trucks to the Army.

The ED is investigating whether the Tatra trucks have been sold to the Army at high price.

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