It is tough to make a link with an arrest made by Police on May 13, 2014 with respect to termination of Rs.23,000 Crore mining contract. The person who was arrested in Hyderabad was Raman Srikanth who was the chief executive of Thiess Minecs India, a subsidiary of Australia's Leighton Holdings.
He bagged this prized contract from NTPC three years prior to termination. The arrest was based on a complaint by Roshini Developers. They alleged that they were cheated and they were promised to get a sub-contract of this huge mining project.
Roshini Developers have sent Rs.185 Crores on this project that they would get a sub-contract. Local Police inspector said to media this information when the arrest was made. he criminal complaints and arrests had resulted in an out-of-court settlement between the two.
Now adding twist to the tale, Australian media has reported that Indian Agent of this Australian company has bribed Indian officials to secure the contract. As per law giving bribe is illegal. The Indian agent name was mentioned as Shyam Prasad Reddy.
