Patiala, July 28, 2024: A very disturbing allegation has re surfaced against the ex-Chairman and Managing Director (CMD) of Hindustan Petroleum Corporation Limited (HPCL). It involves the alleged, questionable use of public funds, for land acquisition in Patiala. This particular plot apparently lacks the requisite No Objection Certificate (NOC) for constructing of any Petrol Pump/ Outlet. This happened despite the issue being raised during the former CMD’s tenure.
Sources reveal that rival corporations, Bharat Petroleum Corporation Limited (BPCL) and Indian Oil Corporation Limited (IOCL), had declined to purchase the land after conducting evaluations. It raises serious concern about HPCL’s due diligence and decision-making processes under the former CMD’s leadership.
The alleged oversight has sparked a question mark over the entire process which appears to lack transparency and accountability within HPCL’s top management. The former CMD has since successfully completed his service tenure, leaving behind a trail of unanswered questions. It is The matter has serious implications as HPCL is a Government owned company and involves Tax Payers money. This, investigation is certainly needed to uncover the truth behind this contentious land deal.
NewsIP being the voice of the unheard tried to fetch information regarding this land deal. We had written to HPCL as well as MoPNG but received no answer till going to broadcast. During investigations it also emanated that the piece of land at the intersection of Chowk in Patiala is close to two petrol pumps already in existence nearby and costed Rs 12.54 Approx. It is astonishing that such a property was first acquired for a non workable project and then allowed to get wasted.
It brings up a vital issue of the role of the Ex Head HPCL in the matter as well as his current activities. His name figures in the Search Committee for finding Chairman for IOCL. Readers may well wonder why a person with a background of several tainted activities is allowed in such an important search committees. A person who has not explained satisfactorily his role in the past, who is currently also being shielded by HPCL can he do justice for selection of IOCL Chairman ?
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