VJAS demands C.B.I. Probe Mihan- Satyam land deal
Vidarbha Janandolan Samiti (VJAS) in letter to Prime Minister Dr.Manmohan singh has demanded C.B.I. probe in to massive allged corruption and land scam in Satyam land deal after the recent report of the Comptroller and Auditor General of India (CAG) that Maharashtra Government, operating through the Maharashtra Airport Development Company Ltd (MADC) helped Satyam Computers acquire land at damned cheap rate in MIHAN. The comptroller and auditor general (CAG) has slammed the state government for granting an “undue benefit” of Rs20.21 crore to Satyam Computer Services Limited (SCSL). The company was given land at a rate much lower than the existing market price for the Multi-model International Passenger and
VJAS has recalled PMO regarding their complaint and PMO enquiry through ministry of company affairs in which the role R C Sinha, the then Vice Chairman and Managing Director (VC&MD) of Maharashtra Airport Development Company (MADC), for the role he played in the Satyam as well as in other deals and his links R C Sinha had with a Satyam subsidiary namely MAYTAS (‘Satyam’ if read in reverse) alleging the massive corruption and giving protecting vested interests of local politicians The CAG has now rapped the Maharashtra Government for giving "undue benefit of over Rs 20 crore" to controversial Satyam Computer Services Limited by selling land at lower rates in Multimodal International Hub Airport (MIHAN) project at Nagpur.
VJAS in the earlier complaint odd t.10th jan.2009 questioned the role of R C Sinha in allotment of land to Satyam Computer Services , was it because Sinha was Chairman of Maytas Infra (the company whose involvement brought about the disgraceful downfall of Satyam), dual role which has caused loss Rs.20 crore to public exchanger which fullest knowledge of chief minister and leader of opposition
As per CAG report that states, "The Maharashtra Airport Development Company Limited (MADC) allotted 100 acre land to Satyam at a lower rate of Rs 18 lakh per acre against applicable rate of Rs 24.28 lakh considering it as an ‘early bird’ offer."
The report questions the logic behind allotting land to Satyam, an IT company, at a far cheaper rate when another IT major Shapoorji Pallonji and Company Limited was given land at the rate of Rs 26.30 lakh per acre.
Scoffing at the ‘early bird offer’ idea advanced by Sinha for Satyam , the CAG says that how can Satyam be considered an early bird when Shapoorji Pallonji, too, was awarded the land on the same day i.e. December 5, 2005, but at a far higher price tag. MADC had approved 100 acre of land at MIHAN to Shapoorji Pallonji and Company Limited at the rate of Rs 26.30 lakh per acre for an IT company on the same day’ says the CAG report.It is alleged that was close to B Ramalinga Raju, Founder and Chairman of Satyam Computer Services. The relations had thickened during the tenure of Chandrababu Naidu when Sinha was serving the Andhra Pradesh Government. It was during this time that Sinha was installed as the Chairman of the beleaguered company Maytas.
VJAS allaged that this fact that R.C.Sinha being the Chairman of Maytas and having the direct connection with fraudlent company (Maytas) where Ramalinga Raju had a 36 per cent share and allottment of land to Satyam (owned by Raju), has raised many eyebrows in the local media that time too but MIHAN being CONGREE-BJP-NCP combined money garbing project everybody kept intentional salient and nobody questioned whether it was proper for a Managing Director of MADC to ‘deal’ with a company (Maytas) where he himself was the Chairman. The CAG report has almost put a stamp on the fishy deal.Satyam was also given over 28 acres of additional land on March 3, 2007 without the approval of the competent authority at a cheaper rate, the report said.
VJAS has aslo urged for detail probe of the role of local politician and all national party leaders who received multi-crore election fund for Raju and undue protection given to R.C.Sinha evenafter mega fraud of satyam broke of out. R.C.Sinha was defened and asked to continue and he further robbed the state exchanger by thousand of crore .MIHAN nagpur is turning out to be biggest land scam of the maharashtra if C.B.I. is allowed to probe at micro level.
here are media reports and our earlier complaints -
I quote
CAG slams Mah for helping Satyam The Hitavada Impact By Rohinikant Matey
IT’S official now. The Comptroller and Auditor General of India (CAG) has stated that Maharashtra Government, operating through the Maharashtra Airport Development Company Ltd (MADC) helped Satyam Computers acquire land at damned cheap rate in MIHAN. This brings back into sharp focus R C Sinha, the then Vice Chairman and Managing Director (VC&MD) of Maharashtra Airport Development Company (MADC), for the role he played in the Satyam as well as in other deals.
The CAG finding has come as a vindication of The Hitavada story on January 11, 2009, questioning the role played by the MADC and its boss of the day. The Hitavada had exposed the tacit links R C Sinha had with a Satyam subsidiary namely MAYTAS (‘Satyam’ if read in reverse) and asked if that did not form vested interests that went against public interest.
The CAG has now rapped the Maharashtra Government for giving "undue benefit of over Rs 20 crore" to controversial Satyam Computer Services Limited by selling land at lower rates in Multimodal International Hub Airport (MIHAN) project at Nagpur.
Did R C Sinha grant extra-ordinary favours to Satyam Computer Services while allotting land to the now-maligned company at MIHAN, was the pointed question raised by The Hitavada then. And was it because Sinha was Chairman of Maytas Infra (the company whose involvement brought about the disgraceful downfall of Satyam), a connection nobody was aware of at the highest level, was the poser.
Coming down heavily on the Maharashtra Government, the CAG report states, "The Maharashtra Airport Development Company Limited (MADC) allotted 100 acre land to Satyam at a lower rate of Rs 18 lakh per acre against applicable rate of Rs 24.28 lakh considering it as an ‘early bird’ offer."
The report questions the logic behind allotting land to Satyam, an IT company, at a far cheaper rate when another IT major Shapoorji Pallonji and Company Limited was given land at the rate of Rs 26.30 lakh per acre.
Scoffing at the ‘early bird offer’ idea advanced by Sinha for Satyam , the CAG says that how can Satyam be considered an early bird when Shapoorji Pallonji, too, was awarded the land on the same day i.e. December 5, 2005, but at a far higher price tag.
‘Incidentally, MADC had approved 100 acre of land at MIHAN to Shapoorji Pallonji and Company Limited at the rate of Rs 26.30 lakh per acre for an IT company on the same day’ says the CAG report.
It was a well known fact that Sinha was close to B Ramalinga Raju, Founder and Chairman of Satyam Computer Services. The relations had thickened during the tenure of Chandrababu Naidu when Sinha was serving the Andhra Pradesh Government. It was during this time that Sinha was installed as the Chairman of the beleaguered company Maytas.
Surprisingly, nobody in the MADC or at the Government level was aware of Sinha being the Chairman of Maytas. The direct connection of Sinha with a company (Maytas) where Ramalinga Raju had a 36 per cent share and allottment of land to Satyam (owned by Raju), has raised many eyebrows in the Mantralaya.
Questions were raised whether it was proper for a Managing Director of MADC to ‘deal’ with a company (Maytas) where he himself was the Chairman. The CAG report has almost put a stamp on the fishy deal.
Satyam was also given over 28 acres of additional land on March 3, 2007 without the approval of the competent authority at a cheaper rate, the report said.
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Maharashtra govt gave `undue benefit’to Satyam
"The Maharashtra Airport Development Company Limited (MADCL) allotted 100 acre land to Satyam at a lower rate of Rs 18 lakh per acre against applicable rate of Rs 24.28 lakh considering it as an 'early bird' offer," the report said.
The land was given to Satyam to set up an IT company at MIHAN on December 5, 2005.
Incidentally, MADCL had approved 100 acre of land at MIHAN to Shapoorji Pallonji and Company Limited at the rate of Rs 26.30 lakh per acre for an IT company on the same day.
"The sale of land to Satyam at lower rate was not justifiable and it resulted in a loss of revenue of Rs 6.28 crore to MADCL owing to undue benefit offered to Satyam," the report said.
Satyam was also given over 28 acres of additional land on March 3, 2007 without the approval of the competent authority at the rate of Rs 22.35 lakh per acre while the market price during 2005-06 was Rs 72 lakh per acre, the report said.
"The allotment of additional land without the approval of competent authority at less than the prevailing market price of land was irregular and resulted in loss of revenue of Rs 13.93 crore," it said.
3)Satyam land deal robbed the state of Rs20cr: CAG
Surendra Gangan / DNA Monday,
http://www.dnaindia.com/dnaprint910.php?newsid=1378306
May 3, 2010 1:21
The comptroller and auditor general (CAG) has slammed the state government for granting an “undue benefit” of Rs20.21 crore to Satyam Computer Services Limited (SCSL).
The company was given land at a rate much lower than the existing market price for the Multi-model International Passenger and
And SCSL was given the concession without the approval of the board of directors of the Maharashtra Airport Development Company (MADC), nodal agency for the project.
While selling land to the various companies establishing their facilities at the special economic zone in Mihan, the rate finalised by the board of directors was Rs24.28 lakh per acre.
However, SCSL was given land at the rate of Rs18 lakh per acre. It resulted in a loss of Rs6.28 crore for the MADC, and subsequently for the government.
On the other hand, Shapoorji Pallonji and Company Limited (SPCL) had to buy land at Rs26.3 lakh per acre — a rate higher than the quoted price.
After the first deal at a discounted rate in 2005, SCSL made a request for additional land. The company was allotted 28.06 acres of additional land at the rate of Rs22.35 lakh per acre in March 2007. This was done without approval of the board of directors.
The market price during 2005-06 was Rs72 lakh per acre, as offered by M/s Reatox Builders & Developers for the non-processing zones. The irregularity led to a revenue loss of Rs13.93 crore. The total loss in the two deals was Rs20.21 crore, the CAG report has said.
In its clarification to the CAG, the MADC management has said that the first allotment to SCSL and the SPCL deal was not made on the same day. However, the CAG is not ready to buy it.
“Advertisement for the land was given in December 2004, while the Centre approved the SEZ in August 2005. For the allotments to SCSL and SPCL, it is true that they were not done on the same day, but both proposals were approved in the same meeting on December 5, 2005,” the report said.
4)Samiti demands probe into MADC MD's involvement in Satyam-PTI
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| January 10,2009 | |
| Source: PTI | |
| Samiti demands probe into MADC MD's involvement in Satyam
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| Nagpur, Jan 10 (PTI) Vidarbha Janandolan Samiti has demanded a probe into the role and links of Maharashtra Airport Development Company (MADC) managing director R C Sinha in the accounting fraud of Satyam Computers. Sinha, in his capacity as MD of MADC, has signed agreements with Satyam-promoted Maytas company where he was the chairman at the same time, Samiti president Kishor Tiwari said in a statement here today.Maharashtra government should immediately relieve Sinha from MADC and from the ambitious MIHAN project where Satyam had plans to come up with a unit, it said.Samiti has demanded a CBI probe into the alleged links of Sinha with Satyam, Maytas and over all fruad. It has also written to Chief Minister Ashok Chavan to look into alleged fraud.
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5)Satyam Scam : Maytas Infra ex-Chairman R.C. Sinha misleading ,admits to hold directorship of two other MADC beneficiaries companies
NAGPUR-13th January 2009
Whole vidarbha has been shocked to learn the news that the main man behind MIHAN - Multiti-modal International Cargo Hub and Airport at
MADC managing director R C Sinha has come out with shocking admission that he is till director of Indu Developers Similarly, he has been on Bengal Ambuja board for eight years. This company is a joint venture between West Bengal Housing Board and the Gujarat Ambuja Cements Limited. Indu Developers and Ambuja Realty are reported to have been allotted Mihan land at much cheaper rates but MADC managing director R C Sinha says that there was no clash of interest .
‘Infact companies in which MADC managing director R C Sinha is associated have been benefited ,it matter of pure misuse of power and multi thousand corruption hence we are asking for probe over the matter’ Kishor Tiwari president ( Vidarbha Jan andolan Samiti) asked in a press note today as earlier he in letter to Maharashtra Chief Minister Ashok Chavan asked to arrange C.B.I. enquiry in to involvement of very senior retd. I.A.S officer till working on special duty on sensitive project like MIHAN in which Maytas Infra has been given big land by Maharashtra Airport Development Ltd. (MADC) controlled by Shri. R.C. Sinha.
VJAS has objected the duel status of Shri. R.C. Sinha, as as Vice Chairman & Managing Director, Maharashtra Airport Development Ltd. (MADC) and chairman of Maytas Infra Pvt.Ltd and raised issue of legitimate permission and morality as MIHAN - Multi-modal International Cargo Hub and Airport at Nagpur is dream project of all politicians expecting creation of millions of jobs for vidarbha youths .
VJAS has brought the attention of Maharashtra Govt. over the media reports of diversion huge fund to Maytas Infra Pvt.Ltd in the mega projects of Hyderabad metro rail and others projects in pipeline .VJAS has urged administration that MADC managing director R C Sinha is making the statements like he is man beyond the law of land and he has obliged Maharashtra Govt. to bring his own companies in MIHAN and now the whole matter needs scanner and clarification, Tiwari added.
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unquote
VJAS has objected the duel status of Shri. R.C. Sinha, as as Vice Chairman & Managing Director, Maharashtra Airport Development Ltd. (MADC) and chairman of Maytas Infra Pvt.Ltd and raised objection on the salience of maharashtra chief minister Ashok chavan keeping him as MIHAN - Multi-modal International Cargo Hub and Airport at Nagpur is dream project of all politicians expecting creation of millions of jobs for vidarbha youths,it shows all are directely involved in this mega corruption which needs C.B.I. probe to nail to truth to thr public
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Please release this pres note
Thanking you,
Yours faithfully,
For VIDARBHA JAN ANDOLAN SAMITI
KISHORE TIWARI
PRESIDENT
contact-09422108846
VIDARBHA JAN ANDOLAN SAMITI
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