Kolkata flyover builder IVRCL was blacklisted in Jharkhand

Infrastructure major IVRCL, which has come under the fire after one of its flyover came crushing down several people on Thursday, is facing a CBI probe in Jharkhand.

Last Updated: Apr 02, 2016, 10:24 AM IST
Kolkata flyover builder IVRCL was blacklisted in Jharkhand

Ranchi: Infrastructure major IVRCL, which has come under the fire after one of its flyover came crushing down several people on Thursday, is facing a CBI probe in Jharkhand.

According to Hindustan report, IVRCL is facing a CBI probe for allegedly paying Rs 22 crore as kickback to former CM Madhu Koda to earn contract for rural electrification.

However, the CBI later told the court that it could not find any evidence against the firm and therefore asked the court in 2013 to close the case against it.

Advocate Naveen Kumar, who advocated the Jharkhand electricity board, told Hindustan Times that the Jharkhand government blacklisted the firm for haphazard work and sought Rs 750 crore from it for loss and damage.

In Maharashtra, the Shiv Sena demanded that all the underconstruction as well as ongoing projects by the firm in the state should be probed to check for any technical soundness.

IVRCL was contructing the Kolkata flyover which collapsed on Thursday killing at least 24 people and injuring another 90. The 150-metre stretch of the controversy-ridden Vivekananda Road flyover, which has been in the making for the past eight years.

The company, that took over the construction of the flyover in 2009, was given an 18-month deadline and a budget of nearly Rs 165 crore to complete the project but after all these years, only about 60 percent of the work was done.

Apart from this flyover, IVRCL got 27 projects across India the same year. Last year, it posted a loss of 672 crore and recently, a consortium of banks took over.

The Hyderabad-based firm is also involved in several road projects in districts like Pune, Satara, Yavatmal, Chandrapur among several others.