Home»National»Top Stories»Who Benefits From Tatra Trucks Deal?

Army bribe row: Who benefits from Tatra trucks deal?

DNA   |  Mar 31, 2012, 11:08AM IST

Here's an explanation of who benefits from the Tatra trucks deal and how:

1.A criminal complaint in the Czech Republic alleges that the entire profit from the sale of Tatra trucks to India goes to Ravindra Rishi’s Vectra Group and not to Tatra Czech, the original equipment manufacturer (OEM).

2.The complaint says Rishi misuses his position in Tatra Czech’s board to enable Tatra Sipox, owned by his Vectra Group, to buy knocked down trucks from Tatra Czech at below production cost.

3.BEML buys trucks from Tatra Sipox at a high price. This violates defence procurement guidelines that say defence procurements must be made from the original equipment manufacturer (OEM).

4.BEML sells trucks to the Indian Army.


Ganesh Chaturthi Photo Contest
Your Opinion
 
To post this comment you must log in

Login/Connect with:
OR
Fill in your details
 
 

Will be displayed

 
 

Will be displayed

 
Code:
9 + 4

 
Advertisement
Ganesh Chaturthi Photo Contest

Top News

 
Advertisement
 
 
 
 
 

Photogallery