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Updated: April 4, 2012 18:17 IST

Tatra issue: Czech firm dismisses graft charges

PTI
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This March 30, 2012 photo shows a Tatra truck on display at Defexpo 2012 in New Delhi. Tatra a.s. of the Czech Republic has said that it has no direct or indirect relationship with the Indian Army or any of its representatives.
PTI This March 30, 2012 photo shows a Tatra truck on display at Defexpo 2012 in New Delhi. Tatra a.s. of the Czech Republic has said that it has no direct or indirect relationship with the Indian Army or any of its representatives.

Tatra a.s. of the Czech Republic on Wednesday dismissed allegations that it was involved in corruption in supply of its vehicles to Army and said it has no direct or indirect relationship with Indian Army or any of its representatives.

The company said it will seek an explanation from Vectra chairman Ravi Rishi regarding the CBI’s probe against him in connection with alleged corruption in the supply of trucks.

It also stated that neither Mr. Rishi nor his investment company Vectra, control or have controlled — directly or indirectly — Tatra a.s.

“The British company Vectra Limited is a minority stakeholder in Tatra holdings and in principle holds one of the four votes. Nonetheless, Tatra will request from Mr. Rishi and Vectra Limited an explanation of the information about any initiated investigation of him and Vectra Ltd by Indian Central Bureau of Investigation (CBI) as it relates to sales of products branded with the ‘Tatra’ name.

“Otherwise, Tatra a.s has no responsibility for action taken or claims made by unrelated third parties with whom it has no relationships,” it said in the statement.

It said Tatra a.s. supplies for India various truck components that make up approximately 30 to 35 per cent of a complete vehicle.

“The remaining components are made or supplied by other manufacturers or by BEML, an Indian government-controlled company that also assembles the Tatra branded vehicles and then sells and delivers them to customers within India under license agreement for Tatra a.s.,” it said.

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The air is not yet clear. We need to wait for some more time. The
statement given by Tatra is not convincing but as we lack proper
evidence we should for further comments.

from:  Md Adil Rais
Posted on: Apr 4, 2012 at 19:55 IST
This article is closed for comments.
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