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10h ago

CBI Registers FIR Over Alleged Rs 68 Lakh GST Fraud at BHEL Kothagudem

The probe follows a BHEL vigilance complaint alleging forged correspondence that enabled diversion of GST input credits at the Kothagudem project.

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Overview

  • The FIR names former BHEL Senior Accounts Officer G. Siva Nageswara Rao and three private individuals after a preliminary enquiry.
  • It alleges diversion of GST input credits linked to SNCPL, PMPL and VESPL to unrelated subcontractors with funds ultimately benefiting Rao.
  • Investigators say a letter purportedly from SNCPL was forged to secure illegal release of BHEL-held payments to co-accused Somireddy Marakala, Ramakrishna and Srinivas Rao Raav.
  • CBI teams conducted searches at six locations across Telangana and Andhra Pradesh and seized incriminating documents.
  • The case invokes criminal conspiracy, cheating, forgery and misappropriation based on suspicious transactions of about Rs 68 lakh in Rao and family accounts, with the investigation ongoing.