CBI finds fake Chinese parts in India-made Dhanush gun

Agencies
July 22, 2017

New Delhi, Jul 22: China-made parts camouflaged as 'Made in Germany' found their way to the production line of indigenised Bofors guns used by the army, prompting the CBI to file a case against a Delhi-based company.Dhanush

Besides Sidh Sales Syndicate, the CBI also registered a case against unidentified officials of the Guns Carriage Factory (GCF), Jabalpur, under criminal conspiracy, cheating and forgery for supplying fake and cheap China-made spares passing off as Made in Germany for Dhanush guns, the FIR alleged.

Dhanush is the indigenised version of the Bofors artillery guns which performed exceedingly well during the Kargil conflict in 1999.

The CBI alleged that the supplier entered into criminal conspiracy with the unidentified GCF officials to supply duplicate spare parts (bearings) used in the manufacture of Dhanush guns.

"In furtherance of the said criminal conspiracy, unknown officials of GCF accepted the Chinese manufactured 'Wire Race Roller Bearings' supplied by Sidh Sales Syndicate which were embossed as 'CRB-Made in Germany'," the CBI said in the FIR.

The agency said production and performance of the Dhanush gun is extremely crucial for India's defence preparedness and "wire race roller bearing" is its vital component.

A tender was floated for the procurement of four such bearings according to the Rothe Erde drawing for 155 mm gun in which four firms had participated. The order was given to Sidh Sales Syndicate at the value of Rs 35.38 lakh in 2013, the FIR stated.

The order was further increased to six bearings at the cost of Rs 53.07 lakh on 27 August, 2014.

The company supplied two bearings each on three occasions between 7 April, 2014 and 12 August, 2014.

The company submitted 'certificates in origin' showing the bearings were procured from CRB Antriebstechnik, Germany. They were also embossed with the label, CRB-Made in Germany.

GCF tests showed that the bearings were unacceptable due to deviations in dimensions.

The company provided clarifications and assured that in case of non performance of the bearing due to manufacturing defects, they would replace the bearing free of cost and take corrective action for future supply.

"Consequently the bearings were accepted as a special case by unknown officials of GCF Jabalpur," the CBI alleged.

Information received by the CBI shows that the German company does not manufacture these parts.

It showed that Sidh Sales Syndicate got the six bearings manufactured by Sino United Industries (Luyang) Ltd Henan, China.

The agency also seized several emails which were exchanged between China and Sidh Sales Syndicate. The letter from Germany shown by the company was also on forged letterhead, CBI alleged.

The certificate of origin from Germany was also forged.

"The said forged letter and certificate were accepted by unidentified officials of GCF with ulterior motive and by abusing their official positions as such without ascertaining the genuineness of the said letter and certiciates and cause undue advantage to Sidh Sales Syndicate and corresponding loss to the Government of India," the investigating agency said in the FIR.

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News Network
April 2,2020

Chandigarh, April 2: A 59-year-old woman and her 10-month-old granddaughter have tested positive for novel coronavirus in Chandigarh on Thursday.

According to the Chandigarh Health Department, they are family contacts of the NRI couple that tested positive for COVID-19 earlier.
With this, the total cases in the Union Territory rose to 18.

The total number of confirmed COVID-19 cases in the country climbed to 1,965 on Thursday, after as many as 328 new cases were reported, said the Union Ministry of Health and Family Welfare. So far, at least 50 people have lost their lives due to the virus.

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News Network
May 7,2020

New Delhi, May 7: Food ordering and delivery platform Swiggy on Thursday said its co-founder and CTO Rahul Jaimini will move away from active role in the company during the month to pursue another entrepreneurial venture.

Jaimini will be joining Pesto Tech, a career accelerator start-up, as their co-founder, Swiggy said in a statement.

He will continue to be a shareholder and board member of Swiggy, it added.

Functions currently led by Rahul, including platform engineering, analytics, IT and labs, will be realigned to Dale Vaz, Head of Engineering and Data Science, who has been with the company for close to two years, the statement said.

"Technology was crucial to what we set out to build when we started Swiggy. Nandan (Reddy) and I could not have asked for a better partner to handle this aspect of the company," Swiggy co-founder and CEO Sriharsha Majety said.

It was Rahul's immense passion to 'build for the billions' that drove technological innovations that set Swiggy apart as we grew phenomenally over the years, he added.

"Working with technology that has large scale impact is what excites me, and I am grateful to have had the opportunity to do just this at Swiggy and grow tremendously over the years," Jaimini said.

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Agencies
March 9,2020

Mumbai, Mar 9: The mayhem in domestic stock markets deepened with the BSE Sensex falling over 2,400 points and the Nifty50 trading below 10,400 points.

The plunge in the domestic indices was in line with the global markets on persistent fears of economic impact of the coronavirus epidemic.

Stocks of Reliance Industries registered the biggest fall in over 10 years as it fell to Rs 1,094.95 per share. At 1.34 p.m., it was trading at Rs 1,100, lower by Rs 170.05 or 13.39 per cent from its previous close. The stock fell most since October 2008.

The benchmark index of BSE Sensex was trading at 35,232.67 points, lower by 2,343.95 points or 6.24% from the previous close of 37,576.62 points. 

It had opened at the intra-day high of 36,950.20 and has so far touched a low of 35,109.18.

The Nifty50 on the National Stock Exchange was trading at 10,314.25 points, lower by 675.20 points or 6.14% from the previous close. 

It was a sell-off across sectors, led by financial, metal, energy and IT stocks - which weighed on the markets.

Further, crude oil prices also slumped around 30% on Monday as Organization of Petroleum Exporting Countries (OEPC) failed to agree on an output cut deal, eventually causing Saudi Arabia to cut its prices as it is likely to increase its production. Saudi Arabia's stance has already raised concerns of an all-out price war.

Brent crude futures are currently trading around $34 per barrel.

On Saturday, Saudi Arabia announced massive discounts to its official selling prices for April, and the nation is reportedly preparing to increase its production above the 10 million barrel per day mark, according to reports.

As per analysts, the oil market witnessed the worst price fall on Monday since the 1991 Gulf War.

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