Wednesday, 12 September 2012

Vidarbha Farmers demands action against Main Culprits of Coalgate


Nagpur -12th September 2012

The next list of CBI FIR against Coalgate companies of Nagpur is missing names who have sold off millions of tons of coal in open market and coalmines allocated to them for captive plant at windfall profits and the truth behind these thousands of crore profit is more shocking and disturbing as Modus operandi of these businessmen is still untold . Vidarbha Farmers who lost thousands of hector land in agrarian crisis hit region at throw away price demanded immediate action against kingpin  Govind Daga and his associates  Mohan Agrawal , Ashok Daga, Nandkishore Sarda others  prominent businessman from the region, who were the real beneficiaries of a flawed policy of the ministry of coal. They further tweaked the flawed policy to their benefit in collusion with power that be. Companies floated by them were allotted coal blocks for captive use during NDA regime, some of whom have traded in coal blocks that were allotted free and made hundreds of crores and splurged on luxuries but still there is no action against them. The delay in CBI FIR against Govind Daga and his associates who first bagged a lot of coal blocks ostensibly to set up steel and power projects, only to sell them and laugh all the way to the bank with scores of crores is shocking and seems to be stage managed, informed Kishore Tiwari president of farmer’s advocacy group Vidarbha Janandolan Samiti  working for right of the dying farmers of vidarbha region .

It is alleged that CBI is protecting them as officials in PMO and Ministers in Maharashtra Govt. are directly involved and rules were flouted to regularise the sin   committed by   by Govind Daga and his associates of Nagpur as this is much bigger scam of captive mine than the one in which  Jindal Power was involved. Jindal Power manged to get coal mine without any limit on selling rate of the end product ‘power’ and made thousands of crores but Govind Daga went a step further as he managed to get condition of captive use itself waived and sold coal to outside parties through his company Central Collieries Co Ltd. Govind Daga sold lacs of tones of coal in open market without proper documents through a sole selling agent Nair Sons. Even the Balance Sheet filed with ROC shows sale of coal even when there was no end use utilization plan. Sources tell that amount shown in Balance Sheet was only a tip of ice berg. Question would arise why Govind Daga showed blatantly illegal sale of money in Balance Sheet. It looks it was done to repay the installments of SBI Loan and return the amount of loan obtained from sister concern Central Cables Ltd. Even the Central Govt. accused Govind Daga  of selling coal illegally in collusion with state Govt officials, Tiwari alleged.
CBI is keeping blind eye over issue as coal mines cannot be allocated to private operators but for captive use for production of  specified end products whereas here is gross violation as Govind Daga managed to get done just that for their company Central Collieries Co ltd through state Govt wide their letter dated  15.10.99. Through that letter State Govt waived the condition of captive use. Under law State Govt has no such power whatsoever. It is learnt that Dagas have been allocated at least six captive blocks through various proxies since 98. None of them ever became operational as far as end use is concerned. It is reliably learnt that Govind Daga and his associates managed hoard coal mines without ever going into power generation by getting certificate from State Govt that their was no demand of power in Maharashtra when there was power crisis in Maharashtra at it’s pick .without  putting any industry Govind Daga and his associates of Nagpur have managed to sell one block for a consideration of more than 600 crores wherein they have invested a total sum of Rs 5 crores. Windfall gains of 12000% , Even coal mafias of Dhanbad would be ashamed.It is reliably learnt that Coal India through WCL wrote to coal ministry for allotment of these coal blocks but their claim was brushed aside as these private players without any net worth and no track record were to be favored. That is reason why CBI action is delayed, Tiwari asked..

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