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Twin tunnels: HC reserves order on PIL on 'fake bank guarantees'
Hindustan Times Thane
|March 06, 2025
Megha Engineering and MMRDA say petitioner filed PIL for personal gain, question locus standi
MUMBAI: The Bombay high court on Wednesday reserved its judgment on an intervention application challenging the locus standi (right to be heard) of a PIL seeking an investigation into the allegedly fake bank guarantees furnished by Megha Engineering & Infrastructures Ltd (MEIL) for a ₹16,600-crore contract for the Thane-Borivali twin tunnels project.
Ravi Prakash Velicheti, an investigative journalist, had filed the PIL last month, claiming that MEIL used allegedly fraudulent bank guarantees issued by a St Lucia-based bank that isn't recognised by the Reserve Bank of India to obtain advance payments from the authorities. He further claimed that the authorities knew the bank guarantees were fraudulent but still advanced sums of around ₹1,668.74 crore to MEIL "in an illegal and unlawful manner".
Dit verhaal komt uit de March 06, 2025-editie van Hindustan Times Thane.
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