BJP seeks CBI probe into closure of Badamba Sugar Mill, warns of stir
3 min read
By Express News Service
CUTTACK: The closure of Badamba Sugar Mill and a discover served by a financial institution for its attachment has heated up the political environment in Cuttack with the native unit of BJP demanding a CBI probe into the incident. The celebration requested how the financial institution had sanctioned a mortgage to its mortgager at the same time as a dishonest case filed towards him was sub-judice.
Addressing media individuals right here, state BJP govt member Bijay Kumar Dalabehera and Badamaba BJP Mandal president Saroj Kumar Beura questioned the silence of the state authorities on the matter. The saffron celebration additionally threatened to stage a mass dharna if no steps are taken to guard and revive the Badamba Sugar Mill inside seven days.
The then prime minister India Indira Gandhi and chief minister JB Patnaik had laid the muse of the mill at Sunapal in Badamba block in 1984. A sum of Rs 8.13 crore was collected from 4,881 farmers of Badamba and Narasighpur blocks to arrange the Badamba Cooperative Sugar Mill.
The state authorities in 1991, handed over the mill to Tamil Nadu-based Shakti Sugar Limited which efficiently managed it for 14 years and through that interval, the monetary situation of the area’s farmers improved.
But, because the lease settlement of Shakti Sugar expired in 2004, the mill was taken over by the Cooperation division for a couple of days. Later, the state authorities handed over the mill to Laxmipati Balaji and Distilleries Pvt Ltd on the throwaway value on sale and buy settlement in 2005.
The distillery availed an enormous quantity of mortgage from Union Bank of India, Nariman Point, Mumbai by pledging property of the mill, the BJP leaders alleged. Recently, the financial institution issued an attachment discover after Laxmipati Balaji and Distilleries Pvt Ltd didn’t pay Rs 369 crore together with the mortgage quantity and curiosity elevating issues amongst locals that the mill is prone to be auctioned.
“We cannot find the reason as how the bank sanctioned loan to Laxmipati Balaji and Distilleries Pvt Ltd which had violated agreement norms and against whom a cheating case (cheque bounce) is sub-judice. The company is suspected to have availed the loan fraudulently,” mentioned Dalabehera whereas demanding a CBI probe into the mortgage fraud.
CUTTACK: The closure of Badamba Sugar Mill and a discover served by a financial institution for its attachment has heated up the political environment in Cuttack with the native unit of BJP demanding a CBI probe into the incident. The celebration requested how the financial institution had sanctioned a mortgage to its mortgager at the same time as a dishonest case filed towards him was sub-judice.
Addressing media individuals right here, state BJP govt member Bijay Kumar Dalabehera and Badamaba BJP Mandal president Saroj Kumar Beura questioned the silence of the state authorities on the matter. The saffron celebration additionally threatened to stage a mass dharna if no steps are taken to guard and revive the Badamba Sugar Mill inside seven days.
The then prime minister India Indira Gandhi and chief minister JB Patnaik had laid the muse of the mill at Sunapal in Badamba block in 1984. A sum of Rs 8.13 crore was collected from 4,881 farmers of Badamba and Narasighpur blocks to arrange the Badamba Cooperative Sugar Mill.googletag.cmd.push(perform() googletag.show(‘div-gpt-ad-8052921-2’); );
The state authorities in 1991, handed over the mill to Tamil Nadu-based Shakti Sugar Limited which efficiently managed it for 14 years and through that interval, the monetary situation of the area’s farmers improved.
But, because the lease settlement of Shakti Sugar expired in 2004, the mill was taken over by the Cooperation division for a couple of days. Later, the state authorities handed over the mill to Laxmipati Balaji and Distilleries Pvt Ltd on the throwaway value on sale and buy settlement in 2005.
The distillery availed an enormous quantity of mortgage from Union Bank of India, Nariman Point, Mumbai by pledging property of the mill, the BJP leaders alleged. Recently, the financial institution issued an attachment discover after Laxmipati Balaji and Distilleries Pvt Ltd didn’t pay Rs 369 crore together with the mortgage quantity and curiosity elevating issues amongst locals that the mill is prone to be auctioned.
“We cannot find the reason as how the bank sanctioned loan to Laxmipati Balaji and Distilleries Pvt Ltd which had violated agreement norms and against whom a cheating case (cheque bounce) is sub-judice. The company is suspected to have availed the loan fraudulently,” mentioned Dalabehera whereas demanding a CBI probe into the mortgage fraud.
