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Corporate espionage: CBI names PwC as a suspect

Corporate espionage: CBI names PwC as a suspect
What is now more evident is the fact that the recent leak-gate case did not spare the recent government-policies based on insurance, rural electrification, leave aside, the “classified” documents obtained by foreign companies including PricewaterhouseCoopers, the firm that has been named by the investigative agency.

Sources said: “What came as a surprise is that some of the documents, which were particularly meant for Telengana and its investments were reportedly leaked. We have got some evidences and are working on it. Presently, all we can reveal is that the name of PricewaterhouseCoopers — a multinational company, has propped up during investigation. We have evidences that they were involved in obtaining information from the Department of Economic Affairs, which is now being probed into.”

With leads pouring in from across the country, the CBI has widened its probe and found that the leakage of “new government policies confidential documents” based up on their manifesto, were smuggled out from various ministries and sold to corporate houses based in India as well as abroad.

The agency claimed that they are arranging all the evidences and statements of the accused together to get a clear picture of the entire racket. Already, they have started surveillance on some of the suspects based in New Delhi, Mumbai and Bengaluru and it is expected that the CBI will make a major breakthrough in the case by next week.

Preliminary inquiry revealed that “middle-men” were involved in the smuggling out those documents,
which suggested the scope of investment and expected profit in investing on government schemes including the “Make in India” vision by the NDA government.

When asked if names of any former ministers have materialised during the probe, CBI sources said: “So far, we have not found names of any ministers but it is too early to comment since the probe is still on.” Meanwhile, the CBI has produced Paresh Chimanlal Buddhadev (who was arrested on Friday) and his partner at Chitale & Associates in Mumbai in a court, which granted him a transit remand so that he could be brought to Delhi.

The other arrested accused Ram Niwas, assistant in the Ministry of Finance, has been remanded in CBI custody for five days. On Friday, the CBI carried out raids on the premises of a law firm, Chitale Associates and MJM & Co owned by Mitesh J Majithia (chartered account firm) in Mumbai in connection with the ongoing leak-gate. While Chitale Associates are based in Worli, the Majithia’s are running their establishment from Mulund West. Last month, the Delhi Police blew the lid off the corporate espionage in the petroleum ministry, which was followed by a series of arrests. At least twenty-two people, including government officials, journalists, energy consultants and senior executives of top energy companies have been arrested so far.

Sujit Nath

Sujit Nath

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