The CBI has started an investigation into billing fraud at India’s Mundra Port’s Central Warehousing Corporation (CWC).
An FIR was filed with the CBI’s Gandhinagar bureau, which revealed that Navimumbai-based firm had been hired by CWC to manage and transfer containers, as well as run and maintain the Container Freight Station (CFS).
However, corrupt managers at the CFS were billing the company instead of the CWC, resulting in a loss of Rs 28.69 crore from January 2020 to July 2022.
The FIR named officers for breaches of trust and criminal conspiracy under various IPC sections and Prevention of Corruption Act charges.
Reference: The Times of India, India Seatrade News
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Marine Insight News Network is a premier source for up-to-date, comprehensive, and insightful coverage of the maritime industry. Dedicated to offering the latest news, trends, and analyses in shipping, marine technology, regulations, and global maritime affairs, Marine Insight News Network prides itself on delivering accurate, engaging, and relevant information.