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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Unemployment is biggest problem faced by youth, it is directly linked to 'vote chori': Rahul Gandhi
New Delhi (PTI): Congress leader Rahul Gandhi on Tuesday claimed that as long as elections are "stolen", unemployment and corruption will continue to rise, and asserted that young people will no longer tolerate "job theft" and "vote theft".
In a post on X in Hindi, the Leader of Opposition in the Lok Sabha said unemployment is the biggest problem facing youth in India and it is directly linked to "vote chori".
When a government wins public trust and comes to power, its first duty is to provide employment and opportunities to the youth, he said.
"But the BJP doesn't win elections honestly -- they stay in power by stealing votes and controlling institutions," Gandhi alleged.
That's why unemployment has reached a 45-year high, he said.
"That's why jobs are declining, recruitment processes have collapsed, and the future of youth is being jeopardised. That's why every exam paper leak and every recruitment is linked to stories of corruption," Gandhi said.
भारत में युवाओं की सबसे बड़ी समस्या बेरोज़गारी है - और इसका सीधा रिश्ता वोट चोरी से है।
— Rahul Gandhi (@RahulGandhi) September 23, 2025
जब कोई सरकार जनता का विश्वास जीतकर सत्ता में आती है, तो उसका पहला कर्तव्य होता है युवाओं को रोज़गार और अवसर देना।
लेकिन BJP चुनाव ईमानदारी से नहीं जीतती - वो वोट चोरी और संस्थाओं को कैद कर… pic.twitter.com/DlDmdYOl5i
"The country's youth work hard, dream, and fight for their future. But (Prime Minister Narendra) Modi is solely focused on his PR, getting celebrities to sing praises for him, and billionaire profits. It has become the government's identity to shatter the hopes of the youth and leave them frustrated," the former Congress chief said.
"Now, the situation is changing. India's youth understand that the real fight isn't just for jobs, but against vote theft. Because as long as elections are stolen, unemployment and corruption will continue to rise," he said.
Young people will no longer tolerate "job theft" or "vote theft", Gandhi asserted.
"The ultimate patriotism now lies in freeing India from unemployment and vote theft," he said.
Gandhi also shared a split screen video montage of police lathi-charging protesting students seeking jobs on one half of the screen and Prime Minister Modi planting saplings, feeding peacocks and practising Yoga on the other half of the screen.
