BEML chief Natarajan suspended following CBI recommendation

June 11, 2012

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New Delhi, June 11: VRS Natarajan, who is the head of the government-run defence unit BEML, has been suspended, based on a recommendation by the CBI.


Mr Natarajan has recently spawned a series of controversies. BEML supplies what are known as Tatra trucks to the Army. The CBI is investigating whether the defence public sector unit violated guidelines in buying and supplying the trucks to the Army. Last week, the Defence Ministry asked Mr Natarajan to explain why he had publically declared that he would sue the former Army Chief General VK Singh for defamation. The government said it had not authorised him to make the remark. Before retiring in May, the General had said that he had been offered a bribe of 14 crores to clear sub-standard Tatra trucks for the Army. Mr Natarajan said the General's assessment of the trucks was incorrect and defamatory.

Mr Natarajan has also been pulled up by the Company Law Board in Chennai, which suggested that he had tried to suppress documents that would have revealed mismanagement and misuse of funds by a joint venture set up by BEML to explore opportunities in the mining sector. The legal cell of the Criminal Investigations Department in Hyderabad has also recommended that Mr Natarajan be prosecuted for cheating, criminal breach of trust, and falsification of accounts in the same joint venture case.

In April this year, the CBI raided and interrogated Mr Natarajan in Bangalore for alleged irregularities in hiring a consultancy firm for BEML.

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Agencies
February 6,2020

Mumbai, Feb 6: The Reserve Bank of India, for the second straight time, on Thursday kept its key policy rate unchanged at 5.15 per cent, maintaining its accommodative policy stance as long as it was necessary to revive growth.

The central bank retained GDP growth at 5 per cent for 2019-20 and pegged it at 6 per cent for the next fiscal.

"Economic activity remains subdued and the few indicators that have moved up recently are yet to gain traction in a more broad-based manner. Given the evolving growth-inflation dynamics, the MPC felt it appropriate to maintain status quo,” the Monetary Policy Committee (MPC) said.

The six-member committee voted unanimously to hold rates, but also said that there is “policy space available for further action”.

Between February and October 2019, the RBI had reduced repo rate by 135 basis points.

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Agencies
June 8,2020

Idukki, Jun 8: Devikulam MLA S Rajendran from CPM along with supporters staged a protest by blocking the Munnar-Udumalpet interstate highway here on Monday, demanding that action to be taken to prevent wild elephants entering into human settlements and destroying properties.

The protest started at 9.30 am and demand was made that senior forest officials should give them assurance of putting an end to the problem.

A police team led by Munnar Deputy Superintendent of Police (SP) Ramesh Kumar was camping in the area.

Wild elephants from the nearby forest are frequently trespassing into Munnar and last night two elephants destroyed a vegetable shop in the town.

If it was a lone elephant that the locals nicknamed as Padayappa that used to enter the human settlement, now along with him a baby elephant is also coming to the town at night.

The locals have named the second elephant Ganeshan. Though there were instances of them destroying crops and eating from vegetable shops, till now the duo has not attacked humans.

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Agencies
February 8,2020

New Delhi, Feb 8: A 26-year-old woman sub-inspector (SI) of the Delhi Police was shot dead near Rohini East Metro station on Friday night, officials said.

The SI, Preeti Ahlawat, was posted in Patparganj Industrial Area Police Station, police said.

A call about the incident was received around 9.30 pm, they said, adding she received gunshot wounds on her head.

"We have identified the suspects and CCTV footage of the area has been collected," said SD Mishra, Additional Commissioner of Police (Rohini).

Three empty cartridges were found from the spot, the officer said, adding a case has been registered and a probe is on.

Personal enmity is suspected to be the reason behind the killing, the officer said.

Ahlawat joined the Delhi Police in 2018.

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