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CBI recovers digital devices, documents & cash during Kiru hydroelectric project ‘kickback’ searches

Last Updated on January 29, 2024 at 5:54 pm

Central Bureau of Investigation (CBI) has conducted searches at around 8 locations in Delhi, Jammu & Kashmir in the on-going investigations of a case related to alleged irregularities in the award of tender for civil works of Kiru Hydroelectric Project being executed by Chenab Valley Power Projects (P) Ltd. (CVPPPL).  The searches led to recovery of digital devices, computers, property documents/incriminating documents in addition to Cash of over Rs 21 lakhs (Approx.)

The instant case was registered on the basis of a reference  received from Govt. of J&K against then Chairman; then MD; then Directors of CVPPPL; a private company and unknown others.  It was alleged that in award of civil works relating to Kiru Hydroelectric Project, guidelines regarding e-tendering were not followed. It was also alleged that though a decision was taken in 47th board meeting of CVPPPL for re-tender through e-tendering with reverse auction, after cancellation of ongoing tendering process, same was not implemented and the decision of 47th board meeting, was reversed in the 48th board meeting.