HYDERABAD: The Central Bureau of Investigation (CBI) which is investigating the Electronic Corporation of India Ltd (ECIL) fraud case, will collect evidence against the guilty former officials before arresting them.
The case is related to the purchase of GSM interception and monitoring systems worth Rs 41 crore by ECIL from a German company between 2004 and 2010.
“The complaint was registered in September 2013 and there was a delay in approaching the CBI. Still, we are collecting evidence against the accused officials,” said a senior CBI official.
The CBI has found that a few officials had acquired properties with the ill-gotten money. “Already, we have started identifying the properties of the concerned persons. A few more days would be required to collect the evidence before proceeding with the arrests,” the official added.
The ECIL purchased 12 interception and monitoring systems for GSM phones from German company ELD Industries for Rs 41 crore between 2004 and 2010, the CBI said in its FIR. The agency has registered a case of criminal conspiracy, criminal misconduct, cheating and forgery against former ECIL officials K. Hari Satyanarayana, senior DGM, V. Satyanarayana, general manager, Mudda-gouni Vishny Murthy, DGM, Gadi Naga Venkata Satya-narayana, director, and Katragadda Subba Rao, DGM (purchase), all retired.
The CBI has also booked cases against Col. (retd) Suresh Bhatia, part-time consultant of Schleicher India, who had represented ELD India and Hartron Case Communications; E. Leopold Dieck, owner of ELD Industries Holding, Germany.
