1 hr ago
Rajiv Rangila Arrested in Alleged Rs 700-Crore Delhi Fraud
Rajiv Rangila is accused of helping organize a large fraud involving medical equipment bought for Delhi government facilities.
Investigators say the suspected fraud was worth about Rs 700 crore.
They allege that Rangila created fake companies using other people’s names.
These companies allegedly participated in government tenders.
Officials also accuse him of working with manufacturers to set favorable prices and arrange cash kickbacks.
Rangila had reportedly been missing since June.
He surrendered to the Anti-Corruption Branch and was arrested on Thursday.
A court later ordered that he remain in police custody for four days.
The allegations will be examined as the investigation and legal proceedings continue.
Rajiv Rangila, 50, allegedly a main beneficiary of the medical procurement fraud, surrendered to the Anti-Corruption Branch and was arrested.
He had reportedly been absconding since June and was allegedly in the United States after other key accused were arrested.
A court sent Rangila to four days of police custody after he was produced on Friday.
Investigators allege he created shell firms using servants and tea vendors as nominal owners to manipulate government tenders.
The Anti-Corruption Branch alleges that tailor-made tender specifications, fixed supply rates and cash kickbacks enabled the suspected fraud.
- Who
- Rajiv Rangila, a pharmaceutical trader, and other accused officials and companies linked to the alleged procurement fraud.
- What
- Rangila was arrested in connection with an alleged Rs 700-crore medical equipment procurement fraud.
- Where
- The alleged fraud involved Delhi’s Directorate General of Health Services and Central Procurement Agency; Rangila was arrested after surrendering before the Anti-Corruption Branch.
- When
- He surrendered and was arrested on Thursday; he was sent to four days of police custody on Friday.
- Why
- Investigators allege that he used shell companies to manipulate tenders, fix supply rates and arrange kickbacks.
Key facts
- Accused
- Rajiv Rangila, 50, a pharmaceutical trader
- Alleged fraud value
- Rs 700 crore
- Arrest
- Rangila surrendered before the Anti-Corruption Branch and was arrested on Thursday
- Court action
- He was sent to four days of police custody on Friday
- Alleged method
- Fake firms, restrictive tender specifications, fixed supply rates and cash kickbacks
- Named firms
- F Med Devices, Technocrats, Raj Shree, Ashi Surgical and Pharmaceuticals, and M Sahib and Sons Pvt. Ltd.
- Related agency
- The Anti-Corruption Branch filed a chargesheet against Rangila and others nearly a week before his arrest
Quotes
Vigilance department
The department whose complaint triggered the ACB investigation into the alleged procurement fraud
“Some of these firms include F Med Devices, Technocrats, Raj Shree, Ashi Surgical and Pharmaceuticals, and M Sahib and Sons Pvt. Ltd. Even as these firms were created with others registered as owners, the actual operator is Rajiv Rangila.”
indianexpress.com
Sources
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