Officials of Indian PSUs like BHEL and NTPC appear to be the beneficiaries of bribes that were doled out by a California-based valve company to bag lucrative contracts, mostly for tools used in the construction of power plants.
Prominent among these Indian companies are Bharat Heavy Electricals Ltd, Maharashtra State Electricity Board, Haryana State Electricity Board, National Thermal Power Corporation and Bhilai Electric, according to documents submitted by the US Department of Justice before a US court.
It is possible that the details of the beneficiaries are listed in the sealed court documents, but no names were immediately known.
California-based Control Component Inc (CCI) on June 31, 2009, pleaded guilty before the US court to having committing bribery in 36 countries from 2003 to 2007.
Source: PTI
Is it novel in any way? In India, even a baby is not born without its parents paying bribes for it to see the light of the day! It has been going on ages in every transaction everywhere in India and NOTHING CAN AND HAS EVER BE DONE-NOR SHALL BE DONE. Because everybody in power becomes powerful through this channel alone.