The Central Bureau of Investigation has booked A.K. Mirchandani, former chairman-cum-managing director of the state-run PEC Ltd., his former junior colleagues, Pisces Exim (I) Private Ltd., its proprietor and directors, besides others for allegedly cheating the public sector undertaking of ₹531.72 crore.
Mumbai-based Pisces Exim’s sole proprietor Soumit Ranjan Jena, its directors Pravin Kumar Somalal Rathod and Shantanu Sharma; Jet Link Infotech and its managing director G. Sadanand Rao; and two Hyderabad residents M. Shiv Bhusan and his son M. Srinivas have been named as accused in the FIR. Apart from Mr. Mirchandani, then PEC director (currently CGM) Rajiv Chaturvedi, CGM A.K. Gandotra, GM (Finance) R.C. Gilani and JGM S.K. Kochhar have also been arraigned.
