Fwd: FW: Ms Pratibha Patil : Co-operative bank scam, Sugar scam and more

[zenwriter]

---------- Forwarded message ----------
From: "Abraham P.K." <pk_ab...@hotmail.com>
Date: May 6, 2012 4:35 PM
Subject: FW: Ms Pratibha Patil : Co-operative bank scam, Sugar scam and more
To:

Yadha Raja, Thadha Praja

What else can we expect from this country run by opportunists?!

A FWD MAIL

 

The People who selected her and then had her elected were well aware of all these happenings. Not withstanding all this she has now been the President for almost five years.

As she was President, she could not be prosecuted. Am sure that even now she cannot be dealt with as she should be.

Apparently, people like her have not heard of President Harry Truman. The day he quit as President, he and his wife drove off from the White House in their own car - no driver, no frills et al. And when Harry Truman was asked to on the Board of some organisation, he told them that what they wanted was not Truman but the President of US which he was not, and hence declined!

In Mera Bharath Mahan, every person possibly feels he should maximise what he/she can get and not what we can GIVE.

There lies the pity....

 

1.    Pratibha Mahila Sahakari Bank

Pratibha Patil was the founding chairperson of the bank and later one of its directors along with many of her relatives. She is currently one of the 34 respondents in an ongoing case in the Aurangabad bench of the Bombay High Court on the subject of mismanagement of the bank and misappropriation of funds.

Reserve Bank of India (RBI), revoked the licence of the bank in 2003 after it was found out that the bank had illegally waived interest on loans given to many of Pratibha Patil’s family members .

As per complaints filed by the bank’s union leaders, as many as a dozen of Patil’s relatives were granted loans . The list of relatives who received loans from her bank, meant for improving the plight of Jalgaon people, women in particular, includes her brothers and nephews.

The loan waivers were given to direct relatives like Anjali Dilipsingh Patil (Pratibha Patil’s niece), Kavita Aravind Patil (sister-in-law of Pratibha Patil) and Rajkaur Dilipsingh Patil (another sister-in-law of Pratibha Patil). Besides, many others too who are still close to Patil, were given benefits flouting banking norms.

The writ petition filed by the banks’ depositors in the High Court has made serious and more direct allegations against the founder chairperson Pratibha Patil.

The former president of employees union has alleged that the bank collected Rs 4,556 from its employees for the Kargil War victims but failed to deposit the amount in the national fund. [2]

Dilip Singh Patil the elder brother of Pratibha Patil who was legal advisor for the bank took loan from the bank and did not repay. Morever he had the bank's telephone set up at his home and ran the bill of over Rs 20 lakhs talking to stockbrokers at Mumbai.[3]

http://en.wikipedia.org/wiki/Pratibha_Mahila_Sahakari_Bank

2.    Sant Muktabai Sahakari Sakhar Karkhana

Sant Muktabai Sahakari Sakhar Karkhana (SMSSK ) known as Sant Muktabai Cooperative Sugar Factory is a cooperative factory founded by Pratibha Patil.

Loan defaulter

The sugar factory was given loan by a consortium of four banks, three cooperatives and one nationalised —MSC, DCCB Jalgaon, DCCB Mumbai, and Dena Bank. The factory defaulted in repayment of the borrowed money. The mill owed about 730 million rupees to three banks - Maharashtra State Cooperative (MSC) Bank, Jalgaon District Central Cooperative Bank and the Mumbai District Central Cooperative Bank.

The Mumbai Central District Cooperative Bank served many notices on factory for recovering outstanding loan of 177 million rupees.[1]

The bank sealed the factory on January 23, 2007. This was the second occasion when the mill had been sealed. Earlier, it was sealed in January 2006, but was reopened after the board of directors headed by G N Patil - younger brother of Pratibha Patil requested for an opportunity to improve the performance of the mill.[2]

[edit]Sugar scam

In 2002 the chief commissioner of central excise and customs, Pune, issued notices on 24 sugar factories including Sant Muktabai Sahakari Sakhar Karkhana to recover 87 million rupees due on account of excise duty evasion. The sugar factories, mostly in Pune and Aurangabad regions, have been found guilty of selling export quota sugar in the domestic market at high prices. These sugar factories have not only availed excise duty exemption of 85 rupees per quintal, but also earned a big differential by selling the sugar in the local market.[3]

The scam involved diversion of export-oriented sugar in domestic market. In 2001-02, these co-operatives had obtained export licence for 228,000 tonnes of sugar, but in collusion with export agents, diverted the sugar to the domestic market. This led to the collapse of domestic sugar prices and caused major losses to sugarcane farmers besides excise evasion of nearly 800 million rupees. The Muktabai SSK sugar cooperative factory, Jalgaon, with Pratibha Patil as its founding member and chairperson, was one of the companies which figured in the scam [4]

[edit]Public interest litigation

In 2007, Manohar Lal Sharma, an independent advocate, filed a public interest litigation petition in the Supreme Court alleging that Mrs Pratibha Patil was an undischarged insolvent relating to the Sant Muktabai Sugar Factory and hence disqualified to remain in the office of the presidency.[5]

http://en.wikipedia.org/wiki/Sant_Muktabai_Sahakari_Sakhar_Karkhana

3.   For family again: Patil’s MP funds for sports complex on land leased to husband society

On April 26, 2007, just over six weeks before the UPA-Left announced Pratibha Patil’s name for President, the Congress-led Maharashtra government leased out 25,000 square feet of prime land in Amravati to her husband’s education society. And agreed to build a sports complex on it using Rs 36 lakh from Patil’s MP Local Area Development Fund Scheme (MPLADS) she got way back in 1996 when she was a Lok Sabha MP.

Rule 3.21 of the new rules of MPLADS clearly says that funding “is not permissible to a Society/Trust if the recommending MP or any of his/her family members is President/Chairman or Managing Committee or Trustee of the Society/Trust in question. Family members would include MP and MP’s spouse...children.”

This has been cleverly circumvented.

http://www.indianexpress.com/news/for-family-again-patils-mp-funds-for-sports-complex-on-land-leased-to-husband-society/203981/

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