In New Delhi on November 7, the Central Bureau of Investigation (CBI) announced a new corruption case that names a former senior accounts officer from Bharat Heavy Electricals Limited (BHEL) and three private businesses. The case alleges a GST fraud that took in more than ₹68 lakh, according to an official speaking on the matter.
The investigation was sparked by a complaint from the Chief Vigilance Officer, Shiv Pal Singh, who flagged irregular payments at the Kothagudem Thermal Power Project in Telangana. The project, which runs a 1,800‑MW unit, is managed in part by BHEL, and the complaint charged that the former deputy manager at BHEL—G. Siva Nageswara Rao—diverted GST credits meant for three construction firms.
Those firms are Shankaranarayana Constructions P Ltd (SNCPL), Power Mech Projects P Ltd (PMPL) and Vasavi Electro Systems P Ltd (VESPL). According to the CBI, Rao routed these credits to subcontractors that did not actually work on the project and pocketed the money as his own. A forged letter from SNCPL helped Rao transfer SHEL‑held funds to co‑accused Somireddy Marakala, Ramakrishna, and Srinivas Rao Raav, a move that the court says shows a clear pattern of fraud and criminal collusion.
The CBI seized documents from six locations across Telangana and neighboring Andhra Pradesh during its search operations. A preliminary inquiry unearthed suspicious bank entries amounting to ₹68 lakh in accounts belonging to Rao and relatives—a fact that further fuels the criminal investigation.
In a filing put forward Thursday, the bureau listed the charges as criminal conspiracy, cheating, forgery, and misappropriation. They claim those offenses were committed by Rao, a public servant, and the three named private individuals. The case highlights how abuse of GST refund mechanisms can fuel corruption at large infrastructure projects.
As the investigation continues, all parties involved are expected to be called for questioning. The CBI will keep the public updated on any new developments in this high‑profile corruption case that ties together BHEL management, a thermal power plant, and private subcontractors in Telangana.
Source: ianslive
Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in world News on Latest NewsX. Follow us on social media Facebook, Twitter(X), Gettr and subscribe our Youtube Channel.
