|2011-12-06||Clerk took bribes to allot land to farmers|
Clerk took bribes to allot land to farmers
ACB arrested CIDCO employee for taking bribes from farmers to allot them land under the 12.5% land transfer scheme; cops recovered Rs 4.5 crore
With the arrest of CIDCO employee Milind Bagul, who was caught red-handed taking a bribe on Friday, investigating officers from the Thane Anti-Corruption Bureau (ACB) have unearthed an elaborate scam relating to the 12.5 per cent land transfer scheme.
Under this scheme, CIDCO acquires land belonging to farmers for development and allots them developed land. According to CIDCO sources, Bagul, a senior clerk, raked in vast sums of money in bribes while transferring land to farmers under the scheme.
Particulars of the allotment files would be passed on to Bagul for inspection. On receiving the file, he would send an intimation to the farmer concerned informing him of the allotment. Simultaneously, he would instruct one of his aides working in connivance with him to obtain a stay order from the court on the land transfer. After this, the land would be termed disputed, and the allotment stalled.
When the hapless farmers approached the CIDCO office to get the files cleared, Bagul, as the sole authority to clear files of disputed land, would play a double game. He'd ask the farmers to pay Rs 1 lakh per 100 sq m of land for clearing the file. In cases when the farmers were unable to grease his palms, he illegally transferred the land to other developers, and raked in money. Either way, he was in the thick of things.
But his gameplan was foiled after a farmer approached the Thane ACB with a complaint against him. On Friday, ACB officials caught Bagul red-handed while taking a bribe and in his office in the CIDCO headquarters in CBD Belapur.
After arresting him, the ACB raided his Ulhasnagar residence, where they recovered 150 files pertaining to the 12.5 per cent scheme. They also found Rs 4.5 crore worth of cash and two guns, one of which was unlicensed. Upon hearing of his arrest, his family members tried to escape from the house with three suitcases -- the contents of which were not disclosed -- but were caught by ACB officials.
"An FIR has been registered against Bagul by the ACB officials," said Sanjay Surve, senior inspector of Central police station in Ulhasnagar.
Bagul, also known as Nana Bagul, is the Ulhasnagar president of Republican Party of India.
|2011-12-05||VA Tech expects order book to touch Rs 4,000 cr|
VA Tech expects order book to touch Rs 4,000 cr
CHENNAI, DEC. 5:
VA Tech Wabag expects to conclude the current financial year with an order book of about Rs. 4,000 crore, supported by private sector order flow on water management infrastructure.
The Chennai-based water management company, which has a multinational presence, will see an order intake of about Rs. 1,800-2,000 crore in the current year, a market guidance that remains unchanged, according to Mr Rajiv Mittal, Managing Director, VA Tech Wabag.
As of September, the order book stands at about Rs. 3,300 crore, which is a two-year backlog.
In addition, VA Tech is a preferred bidder in contracts valued at over Rs. 1,100 crore for which negotiations are on with the clients. The company expects to close these orders in the second half of the current year.
Order booking has been slow in the first half for the company primarily due to a drop in flow from the public sector utilities. However, with the government policies focussed on water recycling for industrial applications to conserve drinking water, the private orders are picking up, particularly from steel and oil and gas sectors, says Mr Mittal. This is also set to drive water treatment infrastructure in public sector soon.
Power sector too is contributing to some extent, he said.
SET TO REBOUND
However, public sector order flow is set to rebound — till recently they constituted a major share of the orders for water management projects. The company is focussing on BOOT (Build-Own-Operate-Transfer) and the relatively newer TOT (Transfer-Operate-Transfer) projects in which public water utilities are transferred to be operated by the private sector.
VA Tech Wabag is set to get into BOOT-based drinking water projects through two separate joint ventures in Maharashtra, a new area of operation.
It will handle the entire drinking water supply in Ulhasnagar in partnership with Konark Infrastructure and Aurangabad along with SL Infrastructure and SPML of the Subash Chandra Group.
The 195-million litres a day (mld) water supply project for Ulhasnagar represents an EPC component of Rs. 100 crore and a O&M component of Rs. 230 crore over 30 years. In the Aurangabad water treatment project, the 192 mld projects include Rs. 55 crore EPC and Rs. 72 crore O&M for 17 years, he said.