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The PIL sought CBI oregon SIT probe into the complaints of the petitioner made past twelvemonth into the alleged fraud and directed MMRDA to terminate the declaration awarded to MEIL. (File Photo)
A Hyderabad-based writer filed a PIL successful the Bombay High Court Wednesday seeking probe by SIT oregon CBI into alleged fraud slope guarantees accepted by MMRDA from Megha Engineering Infrastructure Ltd (MEIL) based connected which declaration of Rs 16, 600-crore Borivali-Thane underground duplicate passageway task was awarded to MEIL.
Senior advocator Prashant Bhushan, representing petitioner writer V Ravi Prakash, mentioned the PIL earlier a seat of Chief Justice Alok Aradhe and Justice Bharati H Dangre, which said the substance volition beryllium listed for proceeding adjacent week.
The PIL alleged that fraudulent slope guarantees were issued by overseas entity called Euro Exim Bank, based successful St. Lucia and incorporated nether the laws of England & Wales, and it was not a overseas slope recognized by the Reserve Bank of India (RBI).
The guarantees were issued successful favour of Mumbai Metropolitan Region Development Authority (MMRDA) and connected behalf of MEIL.
The PIL said that the September, 2017 notification of the authorities Public Works Department stated that show information tin beryllium acted successful the signifier of slope guarantees issued by nationalised and scheduled banks and different 2018 circular of Finance Account Division, MMRDA besides provided that guarantees from nationalised slope should beryllium accepted for nationalist procurement.
The PIL further claimed that the State Bank of India (SBI) authenticated SWIFT messages related to the slope guarantees by the overseas entity acrophobic without conducting immoderate owed diligence and without considering immoderate hazard oregon liability.
It alleged that the MEIL had fixed a full six fraudulent slope guarantees for packages 1 and 2 of the nationalist task “to circumvent and play fraud to get nationalist funds without providing immoderate secured guarantee, with cognition that the aforesaid could not beryllium realised.”
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The PIL besides alleged quid-pro-quo arrangements betwixt the task proponent MEIL and governmental parties related to electoral bonds.
The petitioner claimed that portion helium had made complaints to assorted authorities including RBI, CBI, CAG and Ministry of Finance raising grievances, nary actions had been taken.
The PIL sought CBI oregon SIT probe into the complaints of the petitioner made past twelvemonth into the alleged fraud and directed MMRDA to terminate the declaration awarded to MEIL.
In May, 2023, the Bombay HC had dismissed pleas from engineering steadfast Larsen & Toubro (L & T) whose bids for the operation of duplicate conduit passageway task were rejected by MMRDA.
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