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Arms dealer Nanda in jail but firm he floated thrives on Govt business

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  • With C-1 India’s list of clients continuing to expand despite the CBI and Income tax action, raids and now imprisonment of its founder, it was only a matter of time that its ascendancy led to other complaints landing in officialdom.

    Central Vigilance Commissioner Pratyush Sinha confirmed to The Sunday Express that he has received a “voluminous complaint” that a large chunk of tendering for Government Departments and PSUs was being cornered by the company which was a “front” for Suresh Nanda. “We have sent the complaint to the CVC’s technical examiner for scrutiny and will examine if any unfair means are being used by the company for its e-tendering business,” the CVC said.

    What is C-1 India

    An e-procurement company, franchisee of C-1 of USA. Claims 76% of e-procurement market share in India

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    Franchise brainchild of Suresh Nanda, president says he is no longer with the firm

    Andhra Govt gave C-1 India first break. All depts on its network, tenders worth Rs 25,000 cr processed.

    Other State Governments including depts in Gujarat, Delhi, Madhya Pradesh signed contracts with C-1 India

    C-1 gets Rs 6,000 for each tender it processes for client

    Came on radar of CBI, IT when both agencies raided Nanda in 2006-07. CVC last week commenced an inquiry into its functioning and funding

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