CBI REGISTERS A CASE AGAINST SENIOR MANAGER (FINANCE) OF HINDUSTAN AERONAUTICS LIMITED (HAL) & OTHERS FOR MISAPPROPRIATION OF GOVERNMENT MONEY

Press Release
New Delhi, 25.10.2018

The Central Bureau of Investigation has registered a case U/s 120 B r/w 409, 420, 467, 468 & 471 of IPC and Section 13(1)(a) of Prevention of Corruption Act, 1988 (as amended in 2018) on a complaint from Hindustan Aeronautics Limited against a Senior Manager (Finance), Engine Division, Koraput, Odisha; an Assistant (Finance/Accounts), HAL Engine Division, Koraput and others including private persons. It was alleged that the accused persons entered into a criminal conspiracy among themselves and in pursuance thereof, the public servants of HAL Engine Division, Koraput (Odisha) & unknown officials of HAL had misappropriated an amount of Rs.5,01, 74, 906/-(approx) of Hindustan Aeronautics Limited (a Central Public Sector Enterprise) by fraudulently transferring the said amount to the accounts of private contractors and unknown others without any supporting documents during the period between January, 2018 to August, 2018.

Searches were conducted at the office/residential premises of accused persons which led to recovery of incriminating documents/articles.

Investigation is continuing.


********