“Chairman and CEO Ronald Adams, Tatra said that the action taken by the creditor is a legal way of getting existing shareholders to give up shares in the company Tatra”
http://translate.googleusercontent.com/translate_c?act=url&depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.co.uk&sl=auto&tl=en&u=http://ekonom.ihned.cz/c1-59368080-ekonom-tatra-celi-exekuci&usg=ALkJrhh8oTPoONzD6v46KM1-rllFKxLsEA
The auction is on the 15th March
Browsing Tatra Works
Ronald Adams on Tatra’s March 15 auction
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Tatra Works
Tatra Works facing execution, taken to auction in March
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Tatra Works, Uncategorized
Video: Tatra vs Mercedes on Tatra’s test track
How do modern Tatra trucks compare to modern Mercedes trucks?
Study this video.
http://www.trucknetuk.com/phpBB/viewtopic.php?f=2&t=96599#p1412311
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Tatra Works
Tatragate India: Tata Motors offers vehicles to replace Tatra trucks
Press Trust of India / New Delhi Jan 22, 2013, 20:34 IST
Tata Motors has offered its latest vehicles to the Defence Ministry to replace the controversial Tatra trucks, used so far to carry missiles such as Agni and Prithvi.
The procurement of Tatra trucks has been put on hold pending a CBI probe into bribery allegations by former Army chief Gen V K Singh.
Tata Motors will make a presentation before Defence Ministry’s Director General (Acquisition) S B Agnihotri about its latest vehicles offered by it to replace Tatra trucks for carrying missile systems of the armed forces such as BrahMos and Pinaka, Defence Ministry sources told PTI here.
The Ministry has already been offered trucks by Russian and Belarusian firms for replacing the Tatras including the Volat trucks from Belarus which are used to carry strategic missile systems of the Russian armed forces.
Due to the virtual ban on the procurement of Tatras, several key projects of the Army and the IAF have been put on hold including procurement of land-based version of BrahMos supersonic cruise missile for the Army and the IAF and the Pinaka rockets launchers for the land forces.
If the proposals made by these firms are accepted, they would be put under trials for being integrated with the missile systems, they said.
Already, a significant number of Tata trucks are in service with the armed forces but they are in light and medium vehicle category.
More than 7,000 Tatra trucks are in service with the armed forces and after the controversy in March last year, their repair and maintenance have also become an issue in the defence forces.
Last March, Gen V K Singh had levelled allegations that he was offered a bribe of Rs 14 crore by a retired Lt Gen to clear a file relating to the procurement of over 600 of these trucks.
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Tatra Works
Former Czech defence minister to be charged with corruption
Ostrava, North Moravia, Jan 16 (CTK) -
Dusan Taborsky, the attorney supervising the investigation of the dubious purchase of Tatra lorries for the Czech army, yesterday said he will file corruption charges against former defence minister Martin Bartak and MPI Group armament firm’s owner Michal Smrz later in January.
The anti-corruption police have closed the investigation of the case and proposed that corruption charges be filed against the two, police spokesman Jaroslav Ibehej told CTK.
The police accused the two suspects in November 2011. Smrz is suspected of attempted fraud.
According to the police, he demanded five million dollars from the Tatra company’s senior official under the false pretext of using his influence to remove obstacles threatening to thwart Tatra’s prospect as lorry supplier to the state.
Bartak, unaffiliated deputy defence minister in 2006-2009 and defence minister in 2009-2010, has been accused of bribe taking.
The police say Bartak used his position and tried to influence the Tatra deal. He, too, demanded five million dollars from Tatra in exchange for removing certain obstacles faced by Tatra.
The investigation showed that Smrz and Bartak demanded bribes for making certain arrangements. “However, the former could not influence the order and he made false promises. That is why he has been accused of attempted fraud,” Ostrava regional state attorney Zlatuse Andelova said earlier.
The latter suspect has been also prosecuted for bribe taking because he could influence the order, she said, referring to Bartak.
The police dealt with the case since November 2010 when Tatra supervisory board head William Cabaniss, former U.S. ambassador to Prague, told the daily Mlada fronta Dnes that in February 2008 Bartak asked him for a bribe worth millions of dollars.
The information was confirmed by Cabaniss’s colleague Duncan Sellars, who was present at his meeting with Bartak.
Bartak has dismissed the accusations as fabricated.
In connection with the Tatra case, the police have also accused Ronald Adams, head of the Tatra’s Czech subsidiary, of bribery.
Adams is suspected of offering a bribe to Bartak, then deputy defence minister, for having further military orders placed with Tatra.
Adams is a witness in Bartak’s corruption case.
Sellars, a member of Tatra’s board of directors, then said Tatra considers the prosecution of Adams unfounded and the Czech police’s steps extraordinarily suspicious.
Within a contract approved by the Czech government, Tatra supplied 588 Tatra lorries in seven variants worth 2.7 billion crowns as from March 2008.
Bartak’s name has been also mentioned in connection with other controversial military purchases such as that of the Pandur APCs from the Austrian company Steyr and the CASA transport planes from the Spanish consortium EADS, both mediated by Czech firms in accordance with the then valid legislation.
http://praguemonitor.com/2013/01/17/former-defence-minister-be-charged-corruption
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Tatra Works
Tatragate India:CBI probes role of 2 ex-officials in Tatra case
The CBI, investigating alleged irregularities in procurement of Tatra trucks by the Indian Army, is probing the role of two former officials of the ministry of defence in connection with the case. Role of these officials are already under the scanner in some other cases being probed by the CBI.
According to sources the CBI may soon record the statements of these two former officials of MoD in connection with its probe related to irregularities in procurement of Tatra trucks by the Indian Army.
Probe by the CBI has already revealed that the agreement signed by the state-owned Bharat Earth Movers Limited (BEML) with a foreign trade corporation of Czechoslovakia for the supply of Tatra vehicles in 1997 was fraudulently assigned to the UK-based intermediary, Tatra Sipox, by showing it as original equipment manufacturer or fully-owned subsidiary of the Czech firm, Tatra, sources said. Probe has also established that the Article 11 of the 1997 agreement had laid down that the state BEML should not use any trademark or trade name of Tatra. “But this part of the agreement was not implemented by the BEML,” sources added. It is also suspected that role of certain former officials in the MoD was crucial role in signing the 1999 agreement concluded by the PSU and Tatra Sipox (UK).
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Tatra Works
Tatragate India: CBI again questions Tejinder Singh, Ravinder Rishi
Lt Gen (Retd) Tejinder Singh, Vectra Chairman Ravinder Rishi and four others were again grilled by the CBI today over the alleged bribe offer made by the retired general to the then army chief VK Singh for clearing a tranche of sub-standard Tatra BEML trucks.
CBI sources claimed Singh and Rishi were confronted with each other as some infirmities were detected in their statements given yesterday.
The duo denied having any business links with each other during the questioning, they said.
The sources said the two businessmen and two executives of Vectra were also asked about their association with the officials of the Defence Ministry.
They claimed that the CBI suspected alleged association between Tejinder Singh and Rishi during the probe of a separate case related to Abhishek Verma, another arms dealer facing a CBI probe in several cases.
The sources said during the questioning of Verma and Tejinder Singh in the case, the agency got some information about latter’s dealing with arms lobbyists which helped it to conclude that there was enough material to register a regular case on the basis of the then army chief’s complaint.
Gen (Retd) VK Singh had alleged that Tejinder Singh offered him a bribe of Rs14 crore in his office in September 2010 to clear the purchase of tranche of 1,676 substandard Tatra BEML trucks, a matter he had reported to defence minister AK Antony.
After getting a formal complaint from the former army chief, the CBI had initiated a preliminary enquiry in April.
Tejinder Singh had refuted the allegations and also slapped a defamation case against Gen Singh.
Later, Lt Gen (retd) Tejinder Singh denied having been questioned today by CBI.
In his text message to PTI in response to queries seeking his reaction, he said “I have not been called by CBI today. Investigation will reveal that I am not involved and also the reasons for someone raking it up one and a half year after the alleged incident.”
The sources in CBI, however, maintained that Singh had appeared today for questioning.
Source: http://www.dnaindia.com/india/report_army-chief-bribe-offer-case-cbi-again-questions-singh-rishi_1755440
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Tatra Works
Tatra preparing a long-term contract with Saudia Arabia; looses about 50% on Prague stock market
Tatra announced that it is preparing a long-term contract in Saudi Arabia. To date unspecified longtime partner should first automaker to deliver several dozen cars in the future and is considering to build in this country a new assembly plant. The scope and details of the upcoming program is not yet known, because the contract has not been signed.
Primarily, the contract should cover middle Tatra 810, used by the Czech army.
Leadership among other automakers also reported today that the somewhat lagging behind sales in Europe. Particular attention is therefore paid to cooperation with the automaker automaker DAF cars Phoenix. Keeping automakers still considered promising opportunities for exports to the markets of Southeast Asia, the newly freed space in Australia.
Kopřivnice automaker since 2006 from 51% controlled by four foreign investors led by Ronald Adams. 41% kontoluje Tatra Holdings, 8% still remains among small shareholders. Shares Tatras RMS market during the last year have lost around 50% less than its previous value and range at 85 CZK per piece.
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Tatra Works
Tatragate India: Court dismisses Ravinder Rishi’s plea to go abroad
New Delhi: A Delhi court on Wednesday dismissed the Vectra group chief Ravinder Rishi’s plea for permission to visit UK for his medical treatment and to attend to his business there.
Facing a CBI probe into the alleged irregularities in supply of all-terrain Tatra trucks to public sector Bharat Earth Movers Limited by his firm Tatra-Sipox UK, 57-year-old Rishi, a British national, had sought the court’s permission to go to the UK for four weeks.
Special CBI Judge Talwant Singh, however, denied him the permission.
The CBI had opposed Rishi’s plea saying that the probe into the case is still going on and the most of the investigation is to be carried out in the UK.
The court had yesterday reserved its order on Rishi’s plea after hearing the arguments from both the sides.
Rishi, in his plea, had also sought a direction to the CBI to suspend the lookout circular, issued against him on March 31 this year.
The CBI had opposed Rishi’s plea apprehending that he may flee if he is allowed to go to the UK and might destroy the crucial evidence.
His counsel, however, had argued before the court that all evidence related to the case is documentary and is in CBI’s possession as well as in the government’s record and his client cannot tamper with it.
Rishi’s counsel had also argued that his client has always co-operated with the CBI and has joined the probe. He had also cited the reports of the doctors in England, under whom Rishi is undergoing treatment for liver ailments and other diseases, saying he needs urgent medical attention.
PTI
New Delhi: A Delhi court on Wednesday dismissed the Vectra group chief Ravinder Rishi’s plea for permission to visit UK for his medical treatment and to attend to his business there.
Facing a CBI probe into the alleged irregularities in supply of all-terrain Tatra trucks to public sector Bharat Earth Movers Limited by his firm Tatra-Sipox UK, 57-year-old Rishi, a British national, had sought the court’s permission to go to the UK for four weeks.
Special CBI Judge Talwant Singh, however, denied him the permission.
The CBI had opposed Rishi’s plea saying that the probe into the case is still going on and the most of the investigation is to be carried out in the UK.
The court had yesterday reserved its order on Rishi’s plea after hearing the arguments from both the sides.
Rishi, in his plea, had also sought a direction to the CBI to suspend the lookout circular, issued against him on March 31 this year.
The CBI had opposed Rishi’s plea apprehending that he may flee if he is allowed to go to the UK and might destroy the crucial evidence.
His counsel, however, had argued before the court that all evidence related to the case is documentary and is in CBI’s possession as well as in the government’s record and his client cannot tamper with it.
Rishi’s counsel had also argued that his client has always co-operated with the CBI and has joined the probe. He had also cited the reports of the doctors in England, under whom Rishi is undergoing treatment for liver ailments and other diseases, saying he needs urgent medical attention.
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Tatragate India: Tatra’s army truck monopoly investigated
NEW DELHI: The CBI, which registered a case against Lt Gen (retd) Tejinder Singh on Saturday for allegedly trying to bribe then Army chief General VK Singh to clear the purchase ofTatra trucks for the Army, is conducting a parallel inquiry into the complaint regarding the monopoly Tatra has enjoyed for two decades in supplying all-terrain trucks to the defence forces. Sources said the chargesheet in the case is in the final stages and could be filed in a Delhi court shortly. The agency is expected to charge officials of Tatra and the public sector Bharat Earth Movers Limited.
Sources said the raids were conducted at the residences of Rishi’s aide Gautam Thadani, MD of Global Healthline Private Ltd, Rajan Madhu, director of F-Bar in Ashoka Hotel and Rishi’s employees Anil Mansaramani and Vikram Kakia. CBI sleuths recovered Rs 98 lakh from Thadani’s house.
CBI sources said preliminary investigation established Tejinder Singh’s meeting with the then Army chief as well as that the latter was unhappy with what had transpired. During its probe, the CBI also established Tejinder Singh visited General V K Singh on September 22, 2010 because “the file related to procurement of Tatra trucks was lying on the table of army chief that day” and that “Tejinder Singh offered bribe on behalf of Ravi Rishi as he is closely associated with the latter”.
Defence minister AK Antony’s confirmation of General V K Singh’s “oral complaint” was found to be strong corroborative evidence.
But what strengthened the case for a formal investigation was evidence of Tejinder Singh’s alleged dealings with lobbyists for arms manufacturers, including a Korean company. Tejinder Singh has been booked under section 12 of the Prevention of Corruption Act. Under Section 12 of the Act, a person who abets the offence of making a public servant accept illegal gratification, whether or not that offence is committed in consequence of that abetment, can be punished with a minimum punishment of six months in jail which may extend to five years.
“We have evidence of his links with a shadowy set of former defence officers who were on the payroll of arms manufacturers and suppliers,” said a senior CBI source.
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