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ED ATTACHES ASSETS WORTH RS 17.55 CRORE IN RAIL NEER SCAM

Enforcement Directorate attaches movable properties worth Rs. 17.55 Crore under Prevention of Money Laundering Act, 2002 f M/s R. K. Associates & Hoteliers Pvt Ltd., M/s Satyam Caterers Pvt Ltd. and five others in a scam related to Rail Neer

Enforcement Directorate initiated investigation under PMLA 2002 based on the FIR registered by CBI vide RC No. RC-DAI-2015-A-0032 dated 14.10.2015 u/s 120-B r/w 420 IPC and13 (2) read with 13(1)(d) of PC Act, 1986 against Railway officers and private caterers/Licensees for allegation of supplying the others brands packaged drinking waters instead of “Rail Neer” brand of IRCTC in Rajdhani and Shatabdi Trains and thereby causing wrong full losses to the government exchequer.

The Investigation conducted by CBI revealed that private caterers namely M/s R.K. Associates & Hoteliers Pvt Ltd., M/s Brandavan Foods Products Ltd., M/s Sunshine Caterers, M/s Satyam Caterers Pvt Ltd., M/s Food World, M/s R.D. Sharma, M/s P.K. Delicacies, M/s Doon Caterers, M/s Ambuj Hotels & Real Estate servicing Rajdhani and Shatabdi Trains were mandated to supply the bottles of Rail Neer(produced by IRCTC, a Rail PSU) to all the passengers but they supplied other brands packaged drinking water in connivance with the officers of the Railway Department and caused loss of Rs 19.55 Cr. to the Government exchequerDuring the period 01/01/2013 to 31/12/2014 . The CBI investigation also established the company wise losses to the exchequers as detailed below

S. No.

Name of the Company/licensees

Loss incurred to Govt. of India, Company/Licensee wise (in Rs.)

1

M/s R. K. Associates & Hoteliers Pvt. Ltd.

2,64,00,330/-

2

M/s Brandavan Foods Products Ltd.

7,37,97,480/-

3

M/s Sunshine Caterers

63,90,180/-

4

M/s Satyam Caterers Pvt. Ltd.

4,62,45,900/-

5

M/s Food World

55,99,200/-

6

M/s R. D. Sharma

12,13,020/-

7

M/s P. K. Delicacies

29,41,845/-

8

M/s Doon Caterers

1,93,79,940/-

9

M/s Ambuj Hotels & Real Estate

1,35,71,122/-

Total

19,55,39,017/-

CBI later on filed the charge sheet against the above mentioned companies/Licensees and the officers of Railway Department for commission of offence under section 120-B read with 420 of Indian Penal Code, 1860 and Section 13(2) read with 13(1)(d) of Prevention of Corruption Act, 1988.

During PMLA Investigation it is established that above Licensees laundered the amount received from Railway Department in lieu of supply of the packaged drinking water of other brands, which was proceeds of crime. During the PMLA investigation the movable properties of the seven licensees, namely M/s R.K. Associates & Hoteliers Pvt Ltd., M/s Brandavan Foods Products Ltd., M/s, Satyam Caterers Pvt Ltd., M/s Food World, M/s R.D. Sharma, M/s P.K. Delicacies, M/s Doon Caterers,were identified in their bank accounts/fixed deposit and have been attached under the provisions of Prevention of Money Laundering Act (PMLA), 2002, totaling to Rs. 17.55 Crores.

Further investigation is under progress.

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