News8Plus-Realtime Updates On Breaking News & Headlines

Realtime Updates On Breaking News & Headlines

Palarivattom Overbridge: Corruption in contract awarding

Vigilance additionally discovered that there was a high-level conspiracy to award the contract for the development of the Palarivattom flyover to the RDS undertaking. It was discovered that the RDS undertaking had recorded the bottom quantity in Dargah with the reassurance that the mobilization advance rejected on the pre-bid assembly can be obtained. The Accountant-Basic additionally identified this fraud. If it had recognized that the mobilization advance can be allowed, it could have quoted a decrease quantity to different contracting firms. The CAG additionally discovered that the federal government had suffered large monetary losses because of this. This discovering additional exposes the nexus between the RDS undertaking and former Public Works Minister Ibrahim Kunju and officers. Former Chief Minister Oommen Chandy can also be concerned on this.

The pre-bid assembly of the contributors in Dargah was on December 10, 2013. At this assembly the contractors demanded a mobilization advance. Nonetheless, Roads and Bridges Improvement Company Kerala (RBDCK) rejected the demand. The Minister of Public Works is the Chairman of RBDCK. On March 4, 2014, RDS Challenge MD signed a contract with RBDCK. Quickly after, Sumit Goel utilized for a mobilization advance, though he was not within the contract. The conspiracy came about on the Kerala Highway Fund Board (KRFB) headquarters. The Chairman of the KRFB is the Chief Minister and the Vice-Chairman is the Minister of Public Works. Due to this fact, the then Chief Minister Oommen Chandy and the Minister of Public Works VK Ibrahimkunju knowingly gave an unlawful mobilization advance of Rs 8.25 crore.

The conspiracy highlights the nominal curiosity and reimbursement concessions levied on mobilization advances. The rate of interest is 7%. Public sector banks cost 14 to 18 per cent curiosity on such advances. The federal government itself had earlier charged an analogous advance of 11.50 to 13.50 per cent. The revenue for a contractor is Rs. 57 lakhs by way of curiosity reduction solely. One other is that the federal government will scale back the reimbursement of mobilization advances by 30 per cent per invoice. However right here it’s decreased to 10 per cent. The contracting firm obtained 20 per cent of every invoice.

The KRFB Chief Govt Officer had written to the RBDCK MD that mobilization advance shouldn’t be allowed within the building of the bridge. The letter was written following the Auditor Basic’s audit report. Vigilance has obtained this letter from the RBDCK file.

Patriotic information is now obtainable on WhatsApp and Telegram.

Click on to subscribe to WhatsApp channel ..
Click on to subscribe to Telegram Channel ..

Different information


In case you have any considerations or complaints relating to this text, please tell us and the article will probably be eliminated quickly. 

Raise A Concern