Amid the Lokpal and CBI ongoing investigations against SAIL officials in the matter of accruing  undue benefits of crores of rupees to the “Trading Firms” in the name of “Projects”, the ‘bureaugram.com’ fetched some very critical documents and data for certain firms which were earlier carried in its multiple posts. As per data available, it is corroborative evidence that how a company: M/s Artisty Infracon LLP, which was incorporated on June 30, 2021, got its GSTIN on July 22, 2021, started making purchases of steel under “Projects” from Steel Authority of India Limited (SAIL) from August 2021 and sold about 20,000 Tonnes of SAIL steel in the market for windfall gains. The declarations made by the company on March 31, 2023 in the LLP Form No. 8 (Statement of Account & Solvency and Charge filing which is Pursuant to rule 24 of Limited Liability Partnership Rules, 2009] are follows:
 
1. The financial statements filed by M/s Artisty Infracon LLP clearly reveal that for both periods i.e. June 30, 2021 to March 31, 2022 and April 1, 2022 to March 31, 2023,  100% of the turnover/ revenue of the firm has come from “Sales of Goods Traded”
 
2.  Zero Raw Material Consumed for both periods. This clearly points to the fact that the firm is not involved in any kind of Project/Construction activity. The business of the firm is “Trading” 
 
3. All the purchases made during June 30, 2021 to March 31, 2022 and April 1, 2022 to March 31, 2023 are for “Re-sale”
 
As on date designated partners of M/s Artisty Infracon LLP are Sonika Verma and Sanya Jha. Earlier Vaibhav Gangwar and Navneet Dhadotia were the partners of the same firm, who are working with OF Business (M/s OFB Tech P Limited).
 
OFB Tech Private Limited, operating under the brand OFBusiness, is a leading tech-enabled B2B platform founded in 2015 that facilitates raw material procurement and financing. It specializes in trading industrial goods like steel, chemicals, polymers, etc. 
 
Relevant additional fact is that: Mahesh Chand Agarwal who was Executive Director(Sales & ITD) at Central Marketing Organisation of SAIL from September 2019 to July 2023, joined OFB Tech Private Limited on October 4, 2023 i.e. immediately after superannuating from SAIL. Agarwal is one of the key officers of SAIL who is under the scanner of Lokpal/CBI. Before his superannuation, the Ministry of Steel asked SAIL to initiate departmental inquiry against Agarwal but CMD-SAIL went against the ministry and released the retiral benefits to him.
 
The modus-operandi is exactly the same as was adopted by SAIL in supply of 1,50,000 Tonnes of steel to M/s Venkatesh Infra Projects P Ltd. On the directions of Lokpal of India, CBI has already registered  F.I.R. No. RC2182024A0021 on 10.10.2024 u/s 120B, 420, 468, 471 IPC and Sections 7, 9 and 12 of the P.C. Act, 1988 as amended has also been lodged by the CBI, AC-III, New Delhi against the erring senior officials of SAIL, M/s Venkatesh Infra Projects P Ltd and M/s APCO Infratech P Ltd.