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CBI Raids at Paradip Over Forgery by Contract Agency
The Statesman Bhubaneswar
|March 22, 2025
A team of CBI officers raided the office of the Road and Buildings Division of Paradip Port Authority and the residence of the Executive Engineer of the R&B Department to investigate a case of cheating and forgery involving crores of rupees by a Hyderabad-based contract agency on Thursday.
Sources said that a Letter of Intent (LOI) was issued by the Executive Engineer of the R&B Division of PPA on 26 February, 2024, in favor of the Hyderabad-based contract agency, DNC Infrastructure Pvt Ltd, to deposit the Initial Security Deposit (ISD) and Performance Security Deposit (PSD) amounting to Rs 65,76,092 and Rs 1,97,28,277, respectively, in the form of demand draft, banker's cheque, or bank guarantee (BG). The project involved the construction of 350 quarters for port employees and the facilitation and reservation of land for the future expansion of the
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