01 July 2011

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CBI registered FIR against VK Sibal former head of DGH for misusing his powers and favoring oil companies like RIL and others

VK Sibal served as the director general of Hydrocarbons between 2004 and 2009.
CBI has registered a Preliminary Enquiry (PE) on November 26, 2009. against him.

CBI registered FIR against VK Sibal former head of DGH for misusing his powers and favoring oil companies like RIL and others

For inquiry CBI took 2 years – They must have found lot of evidence in 2 years.
What you think?

The Central Bureau of Investigation (CBI) Friday registered a criminal case against eight people.
The case has been registered against following eight DGH officials –

1. then director general Sibal

2. then chief geologist D.K. Rawat

3. then advisor (geophysics) S.K. Jain

4. then head of accounts K.A. Murli

5. then advisor contracts Anurit Sahi

6. then manager (finance and accounts) T.S.L.N. Reddy

7. then chief chemist Savendra Gupta

8. the private company, G X Technology's manager exploration Sujata Subramaniam.

The Directorate General of Hydrocarbons (DGH) is the technical arm of the Oil Ministry that supervises licenses and permissions for private operators.

According to a Comptroller and Auditor General report V K Sibal gave undue favors to RIL and permitted the company to inflate its 'development costs from $2.47 to 8.84 billion - in the capital expenditure of RIL's exploration project in the Krishna Godavari Basin. This affected the revenue of government of India that is the revenue of all the Indian citizens.

The Central Bureau of Investigation (CBI) has filed an FIR against former director general of Hydrocarbons VK Sibal on charges of allegedly scuttling an enquiry by CVC on discrepancies in oil exploration operates and contracts executed by domestic and foreign players.

The CBI had said that Sibal, while serving as the DGH, had delayed the CVC enquiry in which the anti-corruption watchdog had found that he had extended "undue favours to private companies in grant of extension in exploration contracts".

He is also accused of allegedly misusing his official position to favor oil companies including Reliance Industries Limited (RIL) and a foreign entity.

On Friday CBI officers conducted raids at 15 places across New Delhi, Noida and Dehra Dun. Sibal's residence in Noida.

Reality views by sm –

Keywords – News Companies Oil & gas exploration, DGH, V.K. Sibal, CBI, FIR RIL Corruption


रविकर July 01, 2011  

सूचना के लिए धन्यवाद ||

SM July 01, 2011  


Kirtivasan Ganesan July 01, 2011  

Though the capital cost may have got escalated, still the deal was good one for India. RIL is supplying gas at 1/3rd cost as that of imported cooking gas. No loss to exchequer has occured.

sm,  July 01, 2011  

Once the CAG report comes out it will be more clear.

sm,  July 01, 2011  

Dr Varsha Singh,

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