Chhattisgarh Chief Minister Raman Singh was allegedly involved in a scam worth Rs 36,000-crore. Irregularities were found in a scheme to supply rice under the Public Distribution System. The Anti-Corruption Bureau (ACB) raided 36 offices of State Civil Supplies Corporation in Chhattisgarh leading to the recovery of Rs. 36000 crore. Documents which proved involvement of the government in the scam were also recovered.
Image Courtesy: NDTV
When Piyush Goyal declared his and wife’s assets, he concealed the fact that they were Directors in a company, ‘Flashnet Info Solutions (India) Limited. Even after resigning as the Directors, they owned almost 99% of the shares. They owned 50,020 shares of the company, priced at Rs 10/share. The entire stock was bought by Piramal Enterprises “for a consideration not exceeding Rs 10,000/share, a maximum premium of Rs 9,990-or nearly 1000%-over the face value of Rs 10 each.”
Image Courtesy: Deccan Chronicle
A company owned by Union Railway Minister Piyush Goyal’s wife Seema made a profit 3,000 times over its paid-up capital in the last 10 years. The company with paid-up capital of Rs 1 lakh only has ended up with earnings of Rs 30 crore. The company also got an unsecured loan of Rs 1.59 crore. Another company, Shirdi Industries Ltd, defaulted on payment of loans to the tune of Rs 650 crore to a consortium of banks. Goyal has close ties with Rakesh Agarwal and Mukesh Bansal of Shirdi Industries Ltd.
Image Courtesy: India Tv News