CBI Files Graft Case Against Megha Engineering, Second Biggest Electoral Bond Buyer

New Delhi: The Central Bureau of Investigation (CBI) has registered an FIR against Hyderabad-based Megha Engineering and Infrastructure Ltd, the second-biggest buyer of electoral bonds worth Rs 966 crore, in an alleged bribery case. Eight officials of the NISP and NMDC and two officials of MECON were also named in the FIR for receiving an alleged bribe of around Rs 78 lakh in clearing bills of Rs 174 crore of Megha Engineering in connection with works related to Jagdalpur integrated steel plant, officials said Saturday, PTI reported.

According to the data released by the Election Commission on March 21, Megha Engineering was the second-biggest buyer of electoral bonds and donated the highest amount of about Rs 586 crore to the BJP.

The company also donated Rs 195 crore to BRS, Rs 85 crore to DMK, and Rs 37 crore to YSRCP. The TDP got about Rs 25 crore from the company, while the Congress got Rs 17 crore. The JD-S, Jana Sena Party and the JD-U got smaller sums ranging from Rs 5 crore to Rs 10 crore.

According to the FIR made public on Saturday, the CBI had registered a preliminary enquiry on August 10, 2023, about the alleged bribery in Rs 315 crore project related to works of intake well and pump house and cross-country pipeline at the integrated steel plant Jagdalpur which was awarded to the company.

Based on the findings of the preliminary enquiry, a recommendation was made on March 18 to register a regular case into the alleged bribery, which was filed on March 31.