03-31-2007, 08:21 AM
<!--QuoteBegin-->QUOTE<!--QuoteEBegin--><b>Dal scam: Noose starts to tighten </b>
Navin Upadhyay | New Delhi
pioneer impact
Preliminary investigation by the CBI has pegged the quantum of the pulse scam at Rs 250 crore and established that the exporters had forged documents to circumvent the ban.
The probe has also pointed to the involvement of Dubai-based importers who connived with the Indian exporters in manipulating the Letters of Credit.
Acting promptly on complaints received from the Director General of Foreign Trade (DGFT) regarding the illegal export of pulses, the CBI on Friday registered separate cases against three Delhi-based export firms and certain Dubai-based buyers.
<b>The CBI also raided their premises and seized incriminating papers and computer discs containing agreement with the buyers, invoices, Letters of Credit (LC), shipment details, correspondence with the Government agencies.</b>
While speculation is doing the rounds that the pulse scam has been facilitated by the high-ups in the Government and a section of the Commerce Ministry officials, sources said that during the course of investigation, the agency would also examine how the officials overlooked such a brazen irregularity for more than six months.
The firms whose premises were raided are Kohinoor Foods, Jetking Ltd and KRBL Limited. The first two are located at Greater Kailash and the third one at Wazirpur. Investigation showed that Kohinoor Foods exported to Al Khaleej Company, KRBL Ltd to Pan Global Trading, and Jetking to Kumar Trading. All three import firms are located in Dubai.
The CBI said that the three firms under scanner exported about 60,000 metric tons of pulses valued at approximately Rs 250 crore during the ban period.
The probe has corroborated a spate of reports by The Pioneer that the exporters used backdated Letters of Credit to circumvent the ban. The CBI said that the three exporters opened backdated LCs with the World Street Trading Bank at Cook Island and in collusion with others flouted the ban imposed on pulse export on June 22.
CBI sources said that the broader picture about the involvement of persons who may have facilitated the scam would emerge after the interrogation of the accused persons and examination of the evidence seized from their premises.
"At this stages, we are only examining three exporters, because we had received specific complaints about their involvement. But we don't rule out broadening the ambit of scope after examining what we seized on Friday," an official said.
<!--QuoteEnd--><!--QuoteEEnd-->
Last two paragraphsays nothing is going to happen, coverup will start. Money made by Babus will be used by wife and kids for shopping, new electronics etc and Minister will use for next election.
Navin Upadhyay | New Delhi
pioneer impact
Preliminary investigation by the CBI has pegged the quantum of the pulse scam at Rs 250 crore and established that the exporters had forged documents to circumvent the ban.
The probe has also pointed to the involvement of Dubai-based importers who connived with the Indian exporters in manipulating the Letters of Credit.
Acting promptly on complaints received from the Director General of Foreign Trade (DGFT) regarding the illegal export of pulses, the CBI on Friday registered separate cases against three Delhi-based export firms and certain Dubai-based buyers.
<b>The CBI also raided their premises and seized incriminating papers and computer discs containing agreement with the buyers, invoices, Letters of Credit (LC), shipment details, correspondence with the Government agencies.</b>
While speculation is doing the rounds that the pulse scam has been facilitated by the high-ups in the Government and a section of the Commerce Ministry officials, sources said that during the course of investigation, the agency would also examine how the officials overlooked such a brazen irregularity for more than six months.
The firms whose premises were raided are Kohinoor Foods, Jetking Ltd and KRBL Limited. The first two are located at Greater Kailash and the third one at Wazirpur. Investigation showed that Kohinoor Foods exported to Al Khaleej Company, KRBL Ltd to Pan Global Trading, and Jetking to Kumar Trading. All three import firms are located in Dubai.
The CBI said that the three firms under scanner exported about 60,000 metric tons of pulses valued at approximately Rs 250 crore during the ban period.
The probe has corroborated a spate of reports by The Pioneer that the exporters used backdated Letters of Credit to circumvent the ban. The CBI said that the three exporters opened backdated LCs with the World Street Trading Bank at Cook Island and in collusion with others flouted the ban imposed on pulse export on June 22.
CBI sources said that the broader picture about the involvement of persons who may have facilitated the scam would emerge after the interrogation of the accused persons and examination of the evidence seized from their premises.
"At this stages, we are only examining three exporters, because we had received specific complaints about their involvement. But we don't rule out broadening the ambit of scope after examining what we seized on Friday," an official said.
<!--QuoteEnd--><!--QuoteEEnd-->
Last two paragraphsays nothing is going to happen, coverup will start. Money made by Babus will be used by wife and kids for shopping, new electronics etc and Minister will use for next election.