CBI suspects 4,000-cr scam in Railways

Published on April 21, 2015 08:01:01 AM
News
Sniffing a major scam of at least Rs 4,000 crore in the Railways, the CBI is likely to file a case soon into alleged under-reporting of the actual weight of loaded goods wagons through the manipulation of software by officials. 

CBI sources said that in the financial year 2012-13, Railways transported 1,008 million metric tonnes of freight and earned Rs 85,262 crore through it, which constituted 67 per cent of the total revenue for the period. The goods are required to be weighed at the originating station or en route or at the destination point with a view to plugging the leakage of revenue and to avoid over-loading of the wagons, the sources said. An official in CBI said inputs were received that this system had been manipulated at several places in such a way that over-loading was concealed and weight of the wagon was shown to be within the permissible limit. 

"Highly sophisticated methodology of crime by manipulating the software of the system is suspected," the official said. The sources said it is further suspected that the alleged manipulation has been done through collusion amongst railway officials, private vendors and freight operators. "Even a five per cent under-reporting of actual weight of freight leads to a difference of Rs 4,263 crore by 2012-13 figures... It is not only causing huge financial loss to the exchequer but also (bringing) corresponding gain to private freight operators and is damaging railway tracks and wagons, thus adversely affecting railway safety," an official said.