​India aims to arrest Thiess chief

The head of Thiess, Bruce Munro, is wanted by Indian authorities over claims of dodgy coal dealings in the nation.

According to police summons leaked to Fairfax, Munro has been ordered to report to Indian police over allegations he ‘cheated’ a business partner Syam Reddy.

The documents claim Munro, working through Thiess, signed off an MoU with Reddy, which promised a subcontract valued at around $90 million if Reddy helped the company Thiess win a multibillion dollar coal processing infrastructure for a greenfield coal mine for NTPC at Pakri Barwadih, Jharkand, India.

An internal audit carried out by Thiess allegedly highlighted concerns over the deal with Reddy, with questions raised over whether Reddy’s businesses may have carried out bribery to secure the contract, Fairfax states.

The documents state Reddy spent a "huge amount” supporting Thiess with "various activities and bid support", and then Munro "cheated" Reddy for "wrongful gain".

It is believed this case is directly related to the arrest last year of Thiess’ head of mining operations in India, Dr. Raman Srikanth.

Srikanth was arrested in relation to ongoing civil proceedings filed by Roshni Developers Private Limited in Singapore, who filed a private petition in a local court alleging that Thiess Minecs has resorted to criminal breach of and cheating by violating an agreement dating back to 2010.

Munro was named as accused number two in the case.

Owner of Thiess, Leighton Holdings, has reportedly declined to comment on the matter.

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