99.9% Loyal aboriginal inhabitants of this Jambudvipa / Prabuddha Bharath are the real owners of this country and not the 0.1% intolerant, cunning, crooked, number one terrorists of the world, violent, militant, ever shooting, lynching, lunatic, mentally retarded, rapist foreign Paradesi outsiders chitpavan brahmin RSS (Rowdy Rakshasa Swayam Sevaks) who gobbled the Master Key by tampering the Fraud EVMs for Murderer of democratic institutions (Modi) of BJP (Brashtachar Jiyadha Psychopaths ) who promised to bring back black money from deposited in foreign countries and deposit Rs 15 Lakhs in every citizen’s bank accounts nor provided 2 crore jobs nor government choukidars/ chaprasis nor to start chai and pakoda shops nor land to the tillers with sufficient irrigation. On the other CJI (Cheating Corrupt Injustice) CEC (Corrupt Cheating Evil Commisson ), Executive , Parliament, President Authorities , and the PRESSTITUTE media have been diluted.
So vote for BSP/ JD(S) as they gave best and efficient governance under able former Prime Minister Shri. Deve Gowda, former Chief Minister of Uttar Pradesh Ms Mayawati and former C.M. of Karnataka Shri. Kumara Swamy.
No precedent of govt returning collegium’s recommendation: SC judge Kurian Joseph
“There
is a general feeling that such a thing should not have happened. It is
expected that there would be discussions on why it happened and to see
such things don’t…
In a democracy you need patriotic strong government and very
strong,
well studied, patriotic opposition party. The Murderers of democracy
institutions ( Modi ) had gobbled the Master Key by tampering the fraud
EVMs/VVPATs whose Software and its Source Code is kept secret in the
eyes of candidates and the voters. hod do you call Modi patriotic
?
Ms Mayawati,
as Chief Minister of Uttar Pradesh gave the best governance by
distributing the wealth of the State equally among all societies with
Sarvajan Hitay Sarvaja Sukhaya policy and became eligible to be the
Prime Minister of this country. This is not liked by Just 0.1% intolerant, cunning, crooked,
number one terrorists of the world, violent, militant, ever shooting,
lunching, lunatic, mentally retarded rapists foreigners Bene Israei
Paradesi chitpavan brahmins who defeated her by tampering the fraud EVMs.
No doubt Mayawati is best CM of UP.
1. Main work of state govt to regulate law and order. She is judged as best CM for the same. I bet you take any survey.
2.
During her tenure 2007-12, GDP growth rate of UP was higher although the
whole country was in economic crisis. So, development also is on her
side.
3. She is the only political head of
any party who herself facilitated the arrest of her leaders, who are
involved in corruption. It is her strong dedication to curb the menace
of corruption.
4. Till date, only
disproportionate property case have been registered against her. She has
got acquitted from this case. That too was politically motivated, like
the way BJP is doing witch hunting.
5.
Mayawati get lot of money from SC/STs to fight Election, as BSP is a
party of gareeb and backward. It is not brahman baniya party, who have
lot of black money.
Achievments of the party
The
BSP’s primary achievements have been with respect to the state
governance of Uttar Pradesh. The welfare schemes implemented in UP have
greatly benefited the poor and downtrodden sections of the society,
including the women, disabled persons and members of religious
minorities.
Notable amendments of the ‘zamindari kanoon’ or the rules of the
patriarchal landed property of the zamindars were made, to benefit the
farmers, women, labourers and others.
A number of schemes or yojnas initiated in UP have helped poor
families to a significant extent. Some of these notable schemes are
‘Uttar Pradesh Mukhyamantri Mahamaya Gharib Arthik Madad Yojna’,
‘Savitribai Phule Shikhsha Madad Yojna’, ‘Mahamaya Gharib Balika
Ashirwad Yojna’, ‘Dr. Ambedkar Gram Sabha Samagra Vikas Yojna’,
‘Manyawar Shri Kanshiram Ji Sheri Gharib Awas Yojna’ and others. These
schemes have made possible the families of the Below Poverty Line (BPL)
list to get free education, housing and other assistance from the BSP.
More significantly, the BSP has catered to the needs of members of
the lower-castes belonging to various professions such as lawyers,
doctors, teachers, etc.
The BSP have made significant contributions to the infrastructure,
maintenance of law and order in UP, medical and health facilities to the
people, as well as rural and urban empowerment.
Murderer of
democratic insitutions (Modi) exposed:challenging the myths surrounding
the RSS’s BJP’s Gujarat Chief Minister A Hindutva Cult Fascist.
All
the upper caste political parties made a ruckus when monuments were
built for Historical SC/ST/OBC icons were built by Ms Mayawati. Now when
the CM of Gujarat announced to build a monument for RSSised Vallabai
Patel, no body is raising their voice. Even before it has come into
existence one can see paid news (Views) / advertisements in many
electronic media.
Modi
is just a Bakara (scape goat led to the bali peet) in the RSS’s BJP.
They discriminate in the name of religion, opposed to Muslim because
most of their origin is Scheduled Castes. Because of the stringent
untouchability acts they cannot kill SC/STs. Indirectly they kill
Muslims. They are using this bakara as curry leaves and use and throw
toilet papers as they did to Yediyurappa. Their hidden PM candidates are
chitpavan brahmins. They show something and do the opposite. Once upon a
time they projected Babu Jagajeevan Ram belonging to SC commuinity as
PM but made Vajpayee a brahmin as PM. Ms Mayawati is working for real
Sarva Samaj
Sadhbhavan that is for the welfare, happiness and peace of all societies
including SC/ST/OBCs/ Minorities and poor Upper caste brahmins, baniyas
and kshatrias. But the upper caste leaders and media project her as a
Sceduled Caste leader as they do to Dr. Ambedkar though he is the father
of the Constitution. This is the real caste system in this country. If
the Congress, RSS’s BJP, AAP are once and for all thrown out of power
then a true PRABUDDHA Bharath will emerge to enable all the societies to
attain Happiness, Welfare, Peace Eternal Bliss as their Final Goal.
Big states like Uttar Pradesh should be bifurcated: Mayawati
RSS’s BJP is a liar, we’ve to stop it, says Mayawati
Fresh Efforts For International Action Against Modi
Narendra Modi
exposed:challenging the myths surrounding the RSS’s BJP’s Gujarat Chief Minister A Hindutva Cult Fascist.
Hindutva Cult Fascist.The
creator of Hindutva is RSS. Epics like Ramayana, Mahabaratha were the
creation of Scheduled Caste/Scheduled Tribe Valmiki and Vyasa. They were
written to please the rulers as it was the practice. Later on the
heroes and heroines of these epics were worshiped as gods. The the Manu
started his vadha by creating 1st rate athman (soul), the brahmin, 2nd
rate, the kashtria, 3rd rate the vysia and the 4th rate the shudhra
athmans. and the panchamas who had no athmas. 2nd, 3rd
and 4th rate athmans accepted brahmins as 1st rate athmans. The Buddha
never believed in any athmans (Souls) He said all are equal. The
panchamas who followed the Buddha were declared that they had no athma
and were kept away from the society and treated worst than the racially
discriminated people of the world who became the untouchables and unseeables.
Though the SC/STs created these epics, they were not allowed inside the
temples by the manuvadis, even though these SC/STs were used as temple
builders and statues of these gods were sculpted by them.. Many of them
converted to other foreign religions and formed other state wise
religions such as lingayats, Iyengars,etc. The RSS cult took advantage
of the weakness of the gullible devoties who became the majority of the
country to capture political power. The Hindus were RSSised
and now they are known as Hindutuvaites. For the sake of votes Rama,
Krishna, Govinda and other god worshipped by the voters and popular
icons like Viveknanda, Bagat singh, Chandrasekhar Azad etc. were
RSSised. They even try to RSSise Dr. Ambedkar, Kanshiramji etc. who
criticised brahmin RSS for their hatred, anger towards SC/ST/OBC and
minorities
since they wanted equality among all sections of the society. But the
RSS cult lies that other their cult all others have no efficiency, merit
and so on. Ms Mayawti wanted to implement the Constitution for the
welfare, happiness and peace of Sarva Samaj i.e. all societies including
SC/ST/OBC/Minorities and the POOR among brahmmins, baniyas, kshatriyas
as enshrined in the Constitution.
This represents a fresh effort by organisations and
individuals to pressure the UK government to have no engagement with
RSS’s BJP’s Modi until “he has answered to a court of law” and for the setting up of
an international tribunal to try the “genocide” in Gujarat.
As Chief Minister of the state of Gujarat
in 2002, RSS’s BJP’s Modi presided over a massacre of Muslims that conforms to the
UN definition of genocide. At the time this had evoked widespread
domestic and international condemnation. Recently, however, there has
been a determined campaign to paint him in a different light. One prong
of the campaign has been to argue that the events of 2002 should be
consigned to the past as the Supreme Court of India has given RSS’s BJP’s Modi a
‘clean chit’. RSS’s BJP’s Modi
remains a figure deserving international opprobrium.”
https://www.quora.com/What-are-Modis-biggest-corruption-scandals
Fisheries Scam by Modi’s Minister, when he was CM of Gujarat
http://indianexpress.com/article/cities/ahmedabad/fisheries-scam-court-issues-process-against-purshottam-solanki/
What are Murderer of democratic institutions (Modi)’s biggest corruption scandals?
What are Modi’s biggest corruption scandals?
Answer
(1 of 6): * Fisheries Scam by Modi’s Minister, when he was CM of
Gujarat * * Fisheries scam: Court issues process against Purshottam
Solanki * * How Narendra Modi shielded Purushottam Solanki of Fisheries
Scam… - Truth Of Gujarat * *…
quora.com
Fisheries scam: Court issues process against Purshottam Solanki
Issuing process by a court means the particular case is “triable” and it has taken cognizance of the case.
A Gandhinagar court has issued process against minister Purshottam
Solanki, prominent BJP leader Dileep Sanghani and five others in
connection with alleged irregularities in awarding contracts for fishing
in 2008.
Issuing process by a court means the particular case is “triable” and
it has taken cognizance of the case. In the “fisheries scam” case, the
court has considered an investigation report submitted by the
anti-corruption bureau (ACB) and then issued process against the seven
accused accused.
The order passed last week by additional district judge Rizvana
Ghodhari stated: “On perusal of complaint documents produced alongwith
complaint as well as police report dated 31/5/2014 and police report
dated 23/6/2015, it appears that there is sufficient ground for
proceeding. Therefore, registry, criminal branch, is directed to
register this case and issue process against the accused no.1 to 7…” The
matter was posted for hearing on September 19.
The other accused are senior officials of the fisheries.
“The court has directed the registry to lodge a criminal case based
on the ACB report,” said advocate Vikram Thakor, who represents
complainant Ishaq Mohammad Maradia. He said that the report was filed in
May 2014 and since then the matter was pending.
Neither Solanki nor Sanghani replied to repeated phone calls for comment.
It has been alleged that in 2008, Solanki, the then MoS for fisheries
and currently state minister for animal husbandry and cow protection,
granted fishing contracts for 58 reservoirs to his favourite parties and
did not follow the mandatory auctioning process. Sanghani was the then
agriculture minister.
The matter came to light when Maradia, a Banaskantha-based fishing
contractor, approached the Gujarat High Court after being denied the
contract for a state reservoir. In September 2008, the HC scrapped the
contracts and ordered tenders be invited. These tenders fetched the
government Rs 45 crore in one year, against Rs 2.4 crore for the
contracts granted by the minister.
While, Maradia had claimed the total loss to the exchequer was Rs 400 crore in the past 10 years, but the ACB report differed.
The complainant again moved the High Court to seek Solanki’s
prosecution. The case against Solanki turned into a major political
controversy in 2012 after the then Governor Kamla Beniwal granted
sanction to prosecute the minister. The state had challenged her
decision in the High Court, but its arguments were rejected.
The ACB report came almost a year after it was asked by the
Gandhinagar court to look into the matter under Section 202 of the Code
of Criminal Procedure. The ACB officials recorded statements of over 100
people, including Solanki, Sanghani, their personal assistants, a
couple of IAS officers in Gandhinagar secretariat and as many as 50
contractors, before filing the report.
How Narendra Modi shielded Purushottam Solanki of Fisheries Scam… - Truth Of Gujarat
http://deshgujarat.com/…/accused-on-police-remand-in-alleg…/
Kalyansinh Champawat on remand for allegedly duping Talati job applicants
Kalyansinh Champawat on remand for allegedly duping Talati job applicants
Gandhinagar,
18 February 2014 A private coaching class owner Kalyansinh Champawat
has been arrested from Gandhinagar for allegedly duping students by…
deshgujarat.com
Sujalam Sufalam Yojana Scam
The ghost of a rice scam in the state government’s ambitious Sujalam
Sufalam Yojana in Panchmahals seems to be haunting the top district
officials. They are now trying to recover a huge sum of money from Fair
Price Shop owners who had distributed rice instead of wheat under the
scheme. Rice was supplied despite a direction from the Department of
Rural Development Agency (DRDA) to distribute wheat.
Panchmahals District Collector Milind Torawane said, “We have
recovered Rs 3.5 lakh from the nine shop owners and Rs 9 lakh from 12
others in Kalol. Further, we have served notices to them. If they fail
to respond to that, we would attach their movable and immovable
properties as per the rule.”
It was in 2004-05 when the Food Corporation of India’s local
officials had learnt about the irregularities and informed the DRDA
officials, who, in turn, initiated an inquiry into the matter. While
legal action was taken against some government officials and Fair Price
Shop owners, the investigators have still not been able to recover the
money, which was used to purchase rice instead of wheat.
DRDA officials had identified the beneficiaries to develop khet
talavdi (a small pond) in their respective farms. And, as compensation,
they were given coupons to collect wheat from the Fair Price Shop in
their villages. Interestingly, the District Supply Office of the
Panchmahals Collectorate distributed rice, which, according to DRDA
officials, was done without their consultation.
As per the information furnished by the DRDA, in 10 talukas of
Panchmahals, a total of 6,721 khet talavdis were dug up by the
beneficiaries and 4,188.978 metric tonnes of grains worth Rs 2.41 crore
were distributed among them. While 1,520.596 tonnes of rice were
distributed at the rate of Rs 7 per kg, some 2,668. 383 metric tonnes of
wheat were distributed at the rate of Rs 5.05 for every kg.
According to former zilla panchayat member Rupchand Sevkani, the
distribution was done only on paper. “About 800 khet talavdis were made
only on paper. This has been put on record by the investigating officer
from the Local Crime Branch, K B Khant, as the villagers admitted that
the talavdis were never dug up and the question of benefits in terms of
grains does not arise,” Sevkani said, adding, “The stock of 1,500-odd
tonnes of rice was apparently sold in the Maharashtra markets.”
Admitting to discrepancies in the supply, Panchmahals District
Supply Officer B N Ghantiya said an inquiry is going on in this
connection. “We had served notices to several Fair Price Shop owners,
but did not receive convincing reply.
The investigation procedure was slowed down due to elections, but
now we will take action against those involved in the scam,” Ghantiya
added. There has been a delay in the investigation even as DRDA
officials sent several reminders to the District Supply Office in the
last one year. A copy of one of the reminders addressed to Taluka
Development Officer (TDO) V B Patel, which is available with The Indian
Express, states that the officer had failed to explain anything about
the irregularity.
The letter addressed to District Supply Officer from P A Shah,
the then director of the DRDA in April 2008, said, “As part of the
Sujalam Sufalam Yojana under the Khet Talavdi scheme, it was mentioned
categorically to distribute wheat through a coupon system. Barring
Shehra, Lunawada, Khanpur and Ghoghamba talukas, rice has been
distributed in all other talukas.”
It added: “Whether the rice was sold at the rate of wheat and who
is responsible for this goof up has not been explained by the TDO
despite frequent reminders. It was made clear that even as wheat was
available for distribution, but due to lack of clarification from your
side, rice was distributed in Kalol taluka.”
List of other Scams
http://www.dnaindia.com/india/report-17-scams-that-narendra-modi-doesn-t-want-lok-ayukta-to-probe-1580274
Daily News and Analysis
17 ’scams’ that Narendra Modi doesn’t want Lok Ayukta to probe
Earlier this year, Gujarat Congress had submitted to the Governor Dr
Kamla and the president a detailed list of ‘17 scams’ that had allegedly
taken place under the Modi government. It demanded probe by an
independent agency. Last week, when it was getting apparent that a Lok
Ayukta for the state was close, the state government set up an enquiry
commission to be headed by retired Justice MB Shah. The following is the
list of alleged scams submitted by the Congress to the Gujarat governor
and the president:
Land for Nano plant at low rate The state
government allotted 1100 acres of land to Tata Motors Ltd (TML) to set
up the Nano plant near Sanand. The land was allotted allegedly at Rs900
per square metre while its market rate was around Rs10,000 per square
metre. Simply put, the government gave Tata Motors total monetary
benefit of Rs33,000 crore.
Land sold cheap to Adani Group Land was allotted to
Adani Group for the Mundra Port & Mundra Special Economic Zone
(SEZ) at Re1 per square metre. This is grossly lower than the market
rate.
Cheap land for ind, not for airforceThe Gujarat
government allotted 3,76,561 square metre of land to real estate
developer K Raheja at Rs470 per square metre, while the South-West Air
Command (SWAC) was asked to pay Rs1100 per square metre for 4,04,700
square metre land.
Agricultuure University land allotted for hotelState
government allotted 65,000 square metres of land belonging to Navsari
Agriculture University in Surat to Chatrala Indian Hotel Group for a
hotel project despite objection from the institute. This deal was
allegedly brokered by the chief minister through his office causing a
loss of Rs426 crore.
Border land for chemical firmsA huge plot of land
near the Pakistan border was allotted to salt chemical companies said to
be close to BJP leader Venkaiah Naidu.
Essar Group’s encroachmentState government has
allotted 2.08 lakh square metres of land to Essar Steel. Part of the
disputed land is CRZ and forest land that cannot be allotted as per
Supreme Court guidelines.
Land given to Bharat HotelPrime land was allotted
to Bharat Hotels without auction on Sarkhej-Gandhinagar Highway in
Ahmedabad. The company has been allotted 25,724 square metre land.
Corruption in allotment of lakesState government,
in 2008, awarded contracts for fishing activities in 38 lakes without
inviting any tenders; bidders were ready to pay Rs25 lakh per lake.
Land given to L&TLarson & Toubro (L&T) was allotted 80 hectare land at Hazira at the rate of Re1 per square metre.
Land allotted to other industriesInstead of
auctioning prime land in the major cities of the state, the Gujarat
government had allotted the land to some industries and industrialists
who had signed MoUs in the five editions of VGGIS.
Cattle feed fraudThe Gujarat government had
purchased cattle feed from a blacklisted company at Rs240 per 5 kg
whereas the market rate is just Rs120 to Rs140 per 5 kg.
Scam in Anganwadi centresTwo bidders apparently
formed a cartel and bid for supplying supplementary Nutrition Extruded
Fortified Blended Food (EFBF) to Anganwadi centres of the state. One
company bid for three zones, while the other for only two. Guidelines
were violated, causing the state exchequer a loss of Rs92 crore.
GSPCDespite an investment of Rs4933.50 crore, GSPC
has been able to earn only Rs290 crore from the 13 out of 51 blocks of
oil and gas discovered by the company. Contractual relations of
Geo-Global and GSPC deserve investigation since Geo-Global is to be
hired for a higher fee, above profit-sharing.
Luxury aircraft used by CM Instead of using
commercial flights or state-owned aircraft and helicopter, chief
minister Narendra Modi had used private luxury aircraft for around 200
trips in five years. The cost had been borne by the beneficiary
industries.
Rs500 crore SSY scamThe Rs6237.33 crore Sujalam
Sufalam Yojana (SSY) announced in 2003 was to be completed by 2005 but
it is still not completed. Public accounts committee of Gujarat assembly
unanimously prepared a report indicating a scam of over Rs500 crore
which was not tabled.
Indigold Refinery land scamAround 36.25 acre farmland in Kutch district was purchased and sold in violation of all norms by Indigold Refinery Ltd.
Swan Energy49% of the shares of Pipavav Power Station of GSPC were sold to Swan Energy without inviting any tenders.
Narendra Modi’s Scandals
1 . For Tata ’s Nano Plan a square Mtr worth Rs 10 lakh Land was Given only
for Rs 900 to It’s Tata Group to score a Jackpot of Rs .33,000 crore .
2
.To build Mundhra port and Mundhra Special Economic Zone Atani group
was given square metres of land at the rate of Just one Rupee/sqm i.e.,
for 10 paise. Later Atani Company sold for Rs 100/ sqm and earned fat
profits .This is Illegal sales .
3 . In the main part K. Raheja The Real estate at the rate of Rs 470 a sqm
3.76 lakh square mtr was sold .When a nearby Air Force land was asked It is said it will be sold at Rs .1100 /sqm.
4 . Navsari Agricultural University -owned
65,000
Square Meters of land was given to catrala Hotel Group for building
lodge. The Gujarat state incurred a loss of Rs . 426 Crore .
5.
In the border side of the neighboring country Land should be in the
hands of state. Because of the feature associated with national
security. Buta large area of land was given to Salt companies. These
Companies belongs to Venkiah Naidu’s relatives. Can you understand why
Venkaiah Naidu supports Modi ?
6. Essar Corporate board was
allotted 2.08 lakh square meter land. An area rich in forests.As per
Court ruling this is illegal.
7. Near the city of Ahmedabad as
Location of the market price is high 25.724 sqm was given to Bharat
Hotel group. For this no tenders were sought.
8. In 38 largest lakes were given to a few Fishing rights without tenders.
9.
In place of Hacira to L & T company around 80 hectares of the land
Just for Rs.1 / -mtr i.e for 10paise /sq.ft. was gifted.
10.
Participants of industryalists in the Vibrant Gujarat celebrations many
of the principal places in the main High Places on the market Was
allocated.
11. From a blacklisted firm animal feed was Bought
at Rs .48 -for one kg. But the forage in the open market is available
at Rs.24 .
12. Only two companies are allowed for Procurement of
food items for Anganwadi centers.Because of this the loss of Rs. 92
Crore.
13. To start GSPC company Gujarat government invested Rs. 4993.50 Crore.
So far income is just Rs. 290 Crore. Many crores loss per year.
14.
To the Sujalam Sufalam yojana Program in 2003 Rs. 6237.33 crore was
allotted. In 2005 this project must have been fulfilled.Not yet
fulfilled. When Gujarat Assembly Public Accounts Committee study was
made Rs. 500 crore scam was discovered.In this it should be mentioned
that BJP members are also there. The report was not submitted to the
legislature.
15. When traveling Narendra Modi did not travel in
Gujarat Government’s airplane or Helicopters But travelled only in
Private Industrialists-owned Luxurious planes. The cost was borne by
them.
If wishes were horses then RSS’s BJP and all the Caste,
Religious biases like apartheid Viewspapers, magazines and medias with
ulterior ideas would ride on them.
16 .In violation of the law
The company Intikoltu purchased 36.25 acres of farmland and sold at fat
Profits. So far no action was taken against the company.
17.
Gujarat state-owned B. Power substation’s 49 percent Shares was sold to
Swan Energy establishment. No tender was sought. Why Modi’s stalemate
in Gujarat Lokpal System will soon be Known by the people.
Austin Benjamin
Austin Benjamin, Skeptical Thinker,Politics Observer,Avid Photographer and Proud Tamilian
Answered Apr 27, 2016
“Money and commerce are in my blood” was the proud proclamation made by Murderer of democratic institutions (Modi) to Japanese investors during
his visit to Japan in 2014. This is perhaps one of those rare occasions
when he did not exaggerate or embellish. An exemplar of this unique
trait of Mr. Modi’s is the “KG scam”. Gas is a vaporous substance, as we
all know. To pretend to extract non-existent gas requires extraordinary
skill and sleight. And to banish all of it into thin air later is even
more masterful. This is what the KG scam is all about. It is a tribute
to the Prime Minister’s dexterity that this Rs. 19,700 crore scam as
estimated by five reports of the Comptroller and Auditor General of
India (CAG) over the past five-six years is still unknown to the nation.
Eleven years later
On
June 26, 2005, Gujarat Chief Minister Narendra Modi announced that
Gujarat State Petroleum Corporation (GSPC), a State government public
sector corporation, had discovered India’s biggest gas reserves in the deep waters of the Krishna Godavari (KG) river basin.
He said the discovery was 20 trillion cubic feet worth Rs. 2,20,000
crore. It caught the entire nation by surprise. Officials in the
Ministry of Petroleum were flummoxed by this bold claim. Mr. Modi
further, in his characteristic flamboyance, promised the nation that
GSPC would start production in December 2007 and make our nation energy
independent. It is 2016 now, nearly 11 years since that grandiose
announcement by Mr. Modi. There has been zero gas recovered yet from the
KG basin. Yes, zero. Why? Because there is no gas there. GSPC spent Rs.
19,700 crore during this period, ostensibly looking for the missing
gas.
Of course, the exploration of natural
resources such as oil and gas is always fraught with discovery
uncertainties. Even the best global companies have gone searching for
such resources and returned empty-handed. So, what is the purported
fraud here? Yes, oil exploration is always an expensive and risky
proposition. Yet, it is also the norm that when one realises that there
is no or minimum oil or gas to be found, one either stops exploration
immediately or reduces costs appropriately. But that is not what GSPC
did, as the below sequence of events show.
For
such an important and sophisticated exploration activity, GSPC’s
technical partner was a two-person company called GeoGlobal Resources
incorporated in Barbados, the land that is known more for Gary Sobers
and now Carlos Brathwaite. GeoGlobal, in turn, entered into a
partnership with Roy Group in Mauritius, the land that is more famous as
a tax haven than as an oil exploration haven. This entire quest for gas
in the KG river basin by GSPC smelt fishy from the beginning. Recall
Mr. Modi’s tall promise in 2005 of gas being extracted and produced in
2007? Not in 2007, but in June 2009, this fishy joint venture entity did
produce something — a field development plan report for recovering gas
from KG basin! So, a full four years after the announcement and two
years after the expected production year, GSPC produced a report of few
hundred pages that supposedly articulated how it planned to extract gas
from the KG basin. But between the announcement of the discovery of the
gas in 2005 to producing a plan document on how to extract that gas,
GSPC had borrowed Rs. 4800 crore in loans from public sector banks and
other financial institutions. Surely, it didn’t cost Rs. 4,800 crore to
produce a report, so why was so much money borrowed even before a plan
was finalised to extract the supposed gas from the KG river basin?
The
development plan in 2009 acknowledged that Mr. Modi’s claims were lofty
and cut its expectations of gas reserves by 90 per cent. More
importantly, the development plan also admitted that this entire gas
exploration operation is futile and should not be undertaken if the gas
that is recovered cannot be sold above $5.7mmbtu. At that time, the
approved selling price of gas was only $4.2mmbtu. Hence, this whole
operation was unviable and a waste to begin with. This should have been
abandoned right then. Yet, the-then Modi government in Gujarat, as
explained below, constructed an elaborate plan to borrow money to be
handed out as contracts to various dubious entities under the auspices
of GSPC.
Non-existent gas
This
joint venture entity decided to procure platform rigs to fish for
non-existent gas in the KG basin. It awarded this critical contract for
platform rigs to a company called Tuff Drilling that had zero experience
in providing drilling rigs. In fact, Tuff Drilling was set up only in
2007, much after that bombastic claim of India’s largest gas discovery
by Mr. Modi. Up to March 2015, more than Rs. 5,000 crore had been spent
in expenses to Tuff Drilling and other such entities. A total of Rs.
19,700 crore has been spent by GSPC on KG basin gas exploration activity
over the past decade and no gas has been found. What’s worse is even if
gas had been found, it would have incurred huge losses to the company
since its selling price was lower than its costs. Surely, the
self-proclaimed messiah with an astute sense of commerce knew that it
made no business sense to carry out an operation where the selling price
is lower than cost price? Now, where did GSPC get all its money from?
GSPC,
which was incorporated in 1979, did not have any loans on its books as
on March 31, 2007. Between 2008 and 2015, it had borrowed a staggering
Rs. 19,720 crore in loans from 13 public sector banks together. This
money was evidently used to farm out contracts to dubious entities whose
motives are entirely questionable. It is then a little ‘rich’ for the
Prime Minister now to wax eloquent about bad loans and industrialists
who milk nationalised banks. It is no surprise that our PSU banks are
facing the loans crisis that they are now, with borrowers such as GSPC
that borrowed money for no apparent business purposes.
The
KG scam is a depressing story of how a State PSU was used to whip up
fake claims of gas discovery and then be used as a platform not to
extract gas but money, by handing out contracts to related entities in
the garb of gas exploration. In the 2015 audit report of GSPC, the CAG
lambasts the company for indulging in futile and unviable business
activities with reckless borrowing. This and other misdemeanours of GSPC
have been repeatedly highlighted by CAG reports over the past several
years. Not a word has been heard in the media about the shady
functioning of the GSPC over the years. This is not some politically
motivated charge. Every piece of information in this article has been
pieced together through careful analysis of various publicly available
documents such as the GSPC’s Initial Public Offering prospectus filed
with Securities and Exchange Board of India in 2010, various CAG reports
of course, filings of GeoGlobal Resources with the Securities and
Exchange Commission in the United States, records of Ministry of
Corporate Affairs, and so on.
This scam, and there is no other word to describe it, is a matter fit for an inquiry by a sitting Supreme Court judge.
Jairam Ramesh is a Congress Rajya Sabha MP.
Abraham Simons
Abraham Simons, works at Unisys
Answered Feb 13, 2016
Vyapam,
giving away land at throw away prices to their relatives. Now Modi is
smart. the currpotion is going to happen through complex financial
routes. Wait for the 3.5 years more. Modi talked much about Congress
corruption and promised to take action. Do you see any action. NONE.
Reason is simple. You scratch my back and I yours.
Rahul Shah
Rahul Shah, love to read
Answered Oct 23, 2015
The
fact that with the last UPA 1 and UPA 2 governments, people have become
so regular with the word scandal that it is difficult for them to
imagine a government can exist without a scandal. I dont blame you
though.
Anyways, there have been no corruption scandals (Sushma
Swaraj helpling Lalit Modi for visas can’t be considered a scandal) in
the Modi Government till now and hopefully there won’t be for the full
term as well.
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