Business Daily from THE HINDU group of publications Sunday, Nov 05, 2006 ePaper |
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Corporate
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Announcements Industry & Economy - Economic Offences TCIL denies involvement in UN bribery case Our Bureau
New Delhi , Nov. 4 State-owned telecom company TCIL has denied any involvement in the alleged United Nations Procurement Division bribery case, in which an Indian official on deputation to the world body has been arrested. Senior officials said the company had set up its own office in New York after gaining adequate experience in UN operations. The official said even when TCIL was executing orders through a consultancy firm Guru Trust Investments, the responsibilities of the two companies were clearly defined. Mr Sanjay Bahel, an Indian Defence Auditing Services official, was arrested in New York for allegedly steering $50-million worth of UN contracts to Indian firms in return for valuable real estate in Manhattan. Mr Bahel was the chief of the UN commodity procurement section and was suspended in August on charges that he bent rules to help TCIL get contracts worth millions of dollars.
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