Army bribe row: Who benefits from Tatra trucks deal?
- Mar 31, 2012, 11:08 AM 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.