Chief Minister Hemant Soren has given approval to the proposal to issue sanction orders for offenses under the provisions of section-13(1)(d) read with section-13(2) of the Prevention of Corruption Act, in CBI, ACB, Ranchi Police Station Case No- RC-07(A)/2016-(R) dated- 02-06-2016 against accused Shivendra Nath Verma, Chairman, Jharkhand State Electricity Board, Jharkhand, Ranchi Presently Managing Director, Uttarakhand Jal Vidyut Nigam Limited and Alok Sharan, then members (Finance), Jharkhand State Electricity Board, Jharkhand, Ranchi Presently Principal Director, International Projects IN. C., ATS.
In the year 2011-2012 the accused, in connivance with the officials of Jharkhand State Electricity Board, Bharat Heavy Electricals Limited (BHEL), Bhopal and M/s Northern Power Erector Limited (NPEL), dishonestly under criminal conspiracy, Swarnrekha Hydroelectric Machine, Sikidri (On the basis of nomination for repair and maintenance of Swarna Rekha Hydro Electricity Project, Sikidri), work worth Rs 2.5 crore was given to BHEL at a very high rate of Rs 20.87 crore. The officials of Jharkhand State Electricity Board dishonestly against the financial rules established by Bharat Heavy Electricals (BHEL), Bhopal on the basis of payment terms and C.V.C. paid in violation of the rules. In addition, the officials of Bharat Heavy Electricals Limited (BHEL), Bhopal, dishonestly awarded the work related to the repair and maintenance of Swarnarekha Hydro Electricity Equipment, Sikidari (Swarna Rekha Hydro Electricity Project, Sikidari) with M/s Northern Power of Rs.15.32 crore. Sublet/contracted in C.V.C. The work was executed by M/s Northern Power at a cost of Rs.5.55 crore. Thus Bharat Heavy Electricals Limited (BHEL).
The Jharkhand State Electricity Board had to suffer financial loss due to poor quality work and delayed execution of work by M/s Northern Power Erector Limited. Apart from this, during the year 2005, the work of repair and maintenance was given by the Jharkhand State Electricity Board to M/s Heavy Electricals (BHEL) Limited, Bhopal on the basis of tender for Rs. Higher rate of Rs 20.87 crore was given on the basis of nomination. Thus, the above FIR accused the accused of misappropriation of government money by misusing the official position, negligence, fraud, dishonesty, criminal conspiracy with the intention of forgery, financial irregularities and embezzlement of government funds.