Indian tax authorities can never find out cases of corruption. Whenever high profile corruption cases involving Indians have cropped up , sources have mostly been in foreign soil. In the CWG scam also it was British authorities which revealed kickback while raiding the accounts of UK based AM Cars and Films.
The story of revelation of one million USD pay off to an Indian Consultant in Kribhco-Yara joint venture is no different. It was also revealed by the authorities of Norway only while raiding Yara International on some other pretext not involving Kribhco.
Indian cooperative.com is collaborating with the leading Norway Financial newspaper to get at the bottom of truth.
According to information acquired by Indiancooperative.com, Norway Police is investigation the matter quite seriously. The police in Norway is in many ways very silent when it comes to this case. Its quite normal in cases of corruption. But they keep on investigating the case.
The Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime is conducting the investigation. Senior public prosecutor Marianne Djupesland in the Corruption Team is leading the investigations.
Police found evidences of a payment during a police raid against the head quarter of Yara.
Yara International ASA is the world’s leading chemical company that converts energy, natural minerals and nitrogen from the air into essential products for farmers and industrial customers. Its global workforce is more than 7,300 employees having headquarters in Oslo. It operates in more than 50 countries and sales to about 150 countries.
In addition to the Kribhco deal, Yara signed a MoU with Deepak Chemicals and Fertilisers in January 2008. There have been no allegations related to corruption in this deal.
But what ultimately may tip the scale is possibilities of Yara turning approver in the case. Having caught off-guard, Yara has defended itself by saying that the company alarmed the police about suspicious transaction related to a deal in India.
Presently Yara International officials are tightlipped on the matter. But once the matter hots up and authorities tighten the screw it may turn to be approver in the matter.
The same happened in case of AM Films of UK in CWG scam. AM Films now wants to be approver and is ready to reveal all details.
The scale of the scandal in terms of finance is quite small but the implication could be far-reaching. Kribhco is a cooperative with avowed promise of helping farmers and its members. People managing the affair of Kribhco are not managers but high profile politicians who are never tired of talking about patriotism.
Unfortunately, Ministry has no role in Kribhco’s affair. Though govt share to the tune of 30 per cent is with it, its affairs are conducted by Board of directors who are elected through polling.
Indiancooperative.com is keeping close watch and days are not far off when it would be able to expose the black sheep.
