Particle.news
Download on the App Store
13 ARTICLES
·
3mo ago

CBI Flags Over ₹4,200 Crore in Losses as Dredging Scam Probe Deepens

CBI intends to issue summons to former JNPT manager Sunil Kumar Madabhavi along with TCE project director Devdutt Bose

Jawaharlal Nehru Port Authority (HT Photo)
Image
The CBI, in its FIR, has booked the then chief engineer of JNPT Sunil Kumar Madabhavi, then project director of TCE, Devdutt Bose, Boskalis Smit India LLP, Jan De Nul Dredging India Pvt Ltd and other unidentified public servants.
Image

Overview

  • The FIR registered on June 18 names Sunil Kumar Madabhavi, Devdutt Bose and two dredging firms for alleged irregularities worth about ₹800 crore during the Capital Dredging Project phases.
  • Searches at five locations in Mumbai and Chennai recovered project records, digital devices and investment documents that investigators say reveal tender manipulation and suppression of expert reports.
  • A preliminary inquiry found wrongful losses of ₹365.90 crore in Phase I (2003–2014) and ₹438 crore in Phase II (2013–2019) due to systematic over-dredging.
  • Latest filings document further losses from deeper-draft requirements, composite dredging rates, unauthorized channel widening and disputed survey methods that contribute to total flagged losses above ₹4,200 crore.
  • Investigators are examining seized materials to assess additional financial and criminal liabilities before formally summoning the named individuals for questioning.