CBI To Probe ₹128 Crore Fake Bank Guarantee In Jal Nigam Contracts

Bhopal (Madhya Pradesh): The state government has approved a CBI investigation into allegations that Babaria Ankita Construction Joint Venture used a fake bank guarantee worth Rs 128 crore to bag contracts under the state-run Jal Nigam’s multi-village schemes.

A notification issued by the Home Department on Thursday has expanded CBI's jurisdiction across the state to probe this matter. The decision follows a similar case involving Tirth Gopicon, where CBI uncovered a Rs 183 crore fake bank guarantee used to win tenders, leading to arrests in Kolkata.

Now, the focus has shifted to Babaria-Ankita Construction JV, which is accused of forging fixed deposits to secure tenders for projects like Majodia and Lakhundar Multi Village Schemes.

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Officials said on Friday that the CBI will handle the case in its entirety, as part of a wider crackdown on financial fraud in government contracts.

Tender case

• CBI to investigate Babaria-Ankita Construction JV over Rs 128 cr fake FD

• Contracts were for multi-village water supply schemes

• Case follows earlier probe into Tirth Gopicon’s Rs 183cr fake guarantee

• CBI jurisdiction expanded across MP for full investigation