Nagpur: Financial Loss of the State Cooperative Bank Maharashtra (MSCB) from the controversial sales of Waingka cooperative sugar plants, Bhandara, has increased to RS22.23 Crore after depositing RS13.9 Crore as a contribution of former plant workers.
Toi has reported in 2013 concerning the controversial sales of plants and MSBC’s financial losses in this case.
This plant was in the news again after BJP President Chandrakan Patil wrote a letter to the Minister of Home Affairs Amit Shah and demanded an investigation through the Directorate of Enforcement (ED) into the sale or auction of this factory.
Vidarbha Realties Private Limited, which was then taken back Waingka Sugar and Power Limited, and part of Manas Agro Industries and Infrastructure Limited (Maiiil), which was previously known as Purti Group, has bought a factory on March 8, 2010, when MP City and the Nitin Union Minister Gadkari is the chairman of the company.
Then, in a statement to the media, Patil continued by saying Gadkari claimed that he bought two sugar plants at a cost of more than the value decided by the bank.
He added Gadkari also claimed that he did not take any loan.
A MSBC official said, “The bank must deposit RS13.9 Crore with the Industrial Court, Bhandara, in February this year as a contribution of former workers.” One of the former employees said, “Salary and other contributions around 700 workers are waiting when the bank auctioned by plants.
We won a case in the Industrial Court, which was challenged by the Bank in the High Court and then at the Supreme Court, which did not change the verdict.
When the bank did not pay In the period of time specified, the collector initiated action, after the bank deposited RS13.9 Crore in the Industrial Court.
We have not received a contribution because the Bank submits a review petition in SC.
“DUSINES is RS8.57 Crore until 2013, and has increased to RS13.9 Crore with flowers.
In December 2013, the Mohadi Tehsil office had issued a notification to MSCB to pay RS2.97 Crore as an income that was not accepted against a wide 66.53 hectare plant land auction.
The land is owned by the state government and allocated on rent.
MSCB is reported to auction soil without asking permission from the collector.
In return, MSCB told the official that it had caused RS5.36 Crore losses from plants auctions.
Thus, the loss of the bank increased to RS19.26 Crore, including RS5.36 Crore loss in auctions and Payment of RS13.9 crores of workers’ contributions.
Bhandara District Administration confirmed to Ti Bank has not yet paid RS2.97 Crore contributions, which will rise with interest.
Thus, the total loss of the bank will rise to RS22.23 Crore and even more than plant sales.
MSCB officials said, “We have paid RS13.9 Crore to the Industrial Court.
Now, we have nothing to do with this case.” Like the 2013 TOI report, MSCB sells the factory at RS14.1 Crore on March 8, 2010, with the provisions of securitization and reconstruction Financial assets and enforcement of security interest laws (Sarfaesi).
RS14.1 Crore Assessment was decided on December 8, 2006, and was not revised in 2010.
MSCB sells the factory through a private agreement system, which does not involve tenders or auction processes.
This property is sold at prices agreed upon by buyers and sellers in the private agreement system.
Sales occurred when Gadkari was Chairperson of Purti.
He resigned on August 27, 2011.
TOI has also reported Waingka Sugar and Power Limited has obtained RS34.50 Crore loans (then expanded to RS55 Crore) from a bank nationalized by pawning the same factory property along with others within 15 year.
month sales.