BJP donor firm named in Rs 400 crore SAIL Steel scam; CBI acts on Lokpal’s order
New Delhi: A company that donated Rs 30 crore to the Bharatiya Janata Party (BJP) via electoral bonds is at the center of a major scam involving the Steel Authority of India Limited (SAIL). According to a detailed investigation by The Wire, APCO Infratech Pvt Ltd has been named in a Central Bureau of Investigation (CBI) FIR filed in October 2024, based on findings by the Lokpal and the Central Vigilance Commission (CVC). The scam involves the illegal procurement and resale of subsidized steel worth over Rs 400 crore.
The CBI FIR alleges that APCO Infratech issued a fraudulent work experience certificate to Venkatesh Infra Projects Pvt Ltd (VIPPL), a shell company incorporated just a week before it signed a Memorandum of Understanding with SAIL in October 2020. This certificate falsely claimed that VIPPL had participated in 11 large infrastructure projects as a subcontractor under APCO – a claim later found to be fabricated.
The Wire’s Hindi report by journalist Ankit Raj, translated by Naushin Rehman, provides documentary evidence from the FIR, Lokpal's directions, and CVC findings, showing that VIPPL used this false credential to procure steel from SAIL at highly subsidized rates under the “Project MoU Scheme,” and then sold it in the open market for profit.
The National Highways Authority of India (NHAI) later confirmed to the CVC that VIPPL had no role in the projects listed. Despite this, SAIL officials approved the MoU without verifying the authenticity of the documents, enabling VIPPL to purchase over 1.1 million tonnes of steel meant for legitimate infrastructure projects.
Interestingly, between 2020 and 2023, APCO purchased electoral bonds worth Rs 30 crore – all of which were encashed by the BJP. During this same period, APCO was also awarded several infrastructure contracts by government agencies.
The whistleblower in the case, Rajiv Bhatia, a former SAIL marketing officer, raised internal alarms and eventually approached the Prime Minister’s Office. He was suspended in 2022 and later prematurely retired, even as other officials suspended in connection with the scam were reinstated after the 2024 General Elections.
The Lokpal in its January 2024 order observed: “There is prima facie material on record to indicate lack of due diligence on the part of the concerned officers of SAIL. Possible connivance of some officials with M/s VIPPL cannot be ruled out.”
SAIL has denied that any financial loss occurred and maintained that VIPPL was a legitimate dealer. However, the CVC and Lokpal reports sharply contradict this claim, pointing to coordinated fraud involving forged documentation and insider cooperation.
The CBI has begun further investigations into other companies and officials allegedly involved in similar fraudulent MoUs with SAIL.
This story is based on an original investigative report published in Hindi by The Wire, reported by Ankit Raj and translated by Naushin Rehman.
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Ex-PM Devegowda warns opposition of electoral losses if they continue to allege 'vote chori'
New Delhi (PTI): Former Prime Minister H D Devegowda on Monday said the Opposition parties would "suffer" if they continue to raise allegations of "vote chori" and create suspicion in the minds of voters by blaming Prime Minister Narendra Modi-led government.
Participating in a discussion on election reforms in the Rajya Sabha, he criticised the Opposition for making a mockery about the Prime Minister "in the streets and on the public platform".
"This (India) is a very big country. A large country. Congress may be in three states. Remember my friends please, by using the words 'vote chori' you are going to suffer in the coming days. You are not going to win the battle," Devegowda said, referring to the Opposition members.
He asked what the Opposition is going to earn by "blaming Narendra Modi's leadership and creating a suspicion in the mind of the voters" through the claims of "vote chori".
"What has happened to their minds? Let them rectify," Devegowda said.
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The former prime minister said that during his over seven decades of public life, he has never raised such issues of vote theft despite facing defeat in elections.
He also cited a letter written by the then Prime Minister Jawaharlal Nehru regarding inclusion of "18,000 votes" (voters) in Kerala.
"Why I am telling this (because) during the Nehru period also, there were certain lapses in the electoral system," said Devegowda, who was the prime minister between June 1, 1996 and April 21, 1997.
He said that the Congress party faced defeat in the recent Bihar elections despite raising the issues of mistakes in the electoral rolls.
"What happened after that even after so much review (of voters list). Think (for) yourself! You got six MLAs," the senior Janata Dal (Secular) leader said.
Devegowda questioned the Opposition as to why they want to make allegations against the prime minister on the issue of the voters list?
"Election Commission is there. Supreme Court is there. The Election Commission has given direction to all the state units to rectify all these things," he said.
Devegowda said people of the country have full confidence in Narendra Modi's government and it will come back to power after the next Lok Sabha elections as well.
K R Suresh Reddy, Bharat Rashtra Samithi (BRS) party's Rajya Sabha member from Telangana, said that electoral reforms are the backbone for a healthy democracy.
He said a large and diverse nation like Indi needs clean electoral rolls.
Asserting that strict re-verification should not become a mechanism for exclusion, Reddy said no eligible voter should lose their right to vote simply because accessing paperwork is difficult.
He said while the concern definitely is on the voters' exclusion, "we should also be equally concerned about the percentage of voting."
"What is happening in voting today? Once the election ends, the drama begins. The biggest challenge that the Indian democracy has been facing in spite of two major Constitutional amendments has been the anti-defection. Anti-defection is the name of the game today, especially in smaller states, especially where the legislatures are small in number," Reddy said.
The senior BRS leader suggested creation of a parliamentary committee "which would constantly look into the defection" and "ways and means to cutting that".
AIADMK's M Thambidurai raised the issues related to election campaigning.
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"Election campaigns are one of the important election processes. In that, political parties must be given the proper chance to campaign," he said and cited problems faced by his party in Tamil Nadu in this regard.
Thambidurai said political parties were facing hardships in Tamil Nadu to conduct public meetings and to express their views to the public.
YSRCP's Yerram Venkata Subba Reddy stressed on bringing electoral reforms at both the state and national levels.
He also suggested replacing Electronic Voting Machines with paper ballots in all future elections.
"EVM may be efficient but can't be trusted. Paper ballot may not be efficient but can be trusted. You need trust in democracy," Reddy added.
