BEL files a complaint with the CBI for a Rs.9.69 cr. Scam

At least three Bharat Electronics Ltd. officials are accused of conspiring with four companies to defraud the company of Rs. 9.69 crore. BEL, a public sector undertaking based in Bengaluru, has production facilities in nine sites around the country and serves the Ministry of Defence’s specialised electronic needs.

According to a complaint filed with the CBI by BEL’s General Manager, the suspect officials Dhara Prasad, Assistant Manager, P. Lingasamy, Deputy Manager, and Venkata Phanindra, Deputy Manager, conspired with Micro Machine Tools, Chennai, Aimer Electronics, Coimbatore, Eldaas Technologies, Bengaluru, and Naanal Technologies, Chennai, to cheat and misappropriate company funds while working in the Nandambakkam Branch.

Unauthorized transaction

In accordance with their plan, Mr. Prasad made an unauthorised payment to the vendor firms in the amount of Rs.8,89,77,450, despite the fact that they did not furnish any supplies to the company.

The Central Bureau of Investigation‘s Anti-Corruption Branch has filed a complaint against the accused under the Prevention of Corruption Act of 1988.