Further trouble is in store for the Bharatiya Janata Party president Nitin Gadkari, whose companies are under scanner for alleged financial and managerial irregularities, as the Registrar of Companies in its preliminary report has found serious discrepancies in the documents submitted by at least one of the 18 firms in which he has stakes.
According to informed sources, the Ministry of Corporate Affairs has given the green signal to the Registrar of Companies to serve notice on the BJP chief’s Purti Power and Sugar Limited (PPSL) under Section 234(1) of the Companies Act, 1956 seeking an explanation within the next two weeks.
Gadkari's travails are more from within party
Ironically Mr. Gadkari,s travails are more from within the party than outside. Several senior BJP leaders concede in off-the-record conversations that the ‘campaign’ against Mr. Gadkari is linked to power struggle within the party.
However, none of the leaders are willing to identify the leaders working against the party president for fear of incurring their wrath. The consensus within the BJP is that the fate of Mr. Gadkari now is entirely in the hands of the RSS which had promoted his candidature as the party chief.
Indications are that there are concerns within the Sangh and the party on the adverse impact of allegations against Mr. Gadkari on the image of the BJP which is fighting against the Congress on the plank of corruption.
However, at the same time given the number of prime ministerial aspirants within the BJP, it would not be easy task for the RSS to take a call on Mr. Gadkari.
It is against this backdrop that the preliminary report of the Registrar of the Companies is significant. According to sources the Ministry of Corporate Affairs has given a green signal to the Registrar of Companies to serve a notice to the BJP chief’s company Purti Power and Sugar Limited (PPSL) under Section 234(1) in The Companies Act, 1956, seeking an explanation within the next two weeks.
The direction by the Ministry gives enough ammunition to Mr. Gadkari’s detractors within the party, who are determined to ensure that he does not get a second term. Since the anti-corruption activist turned politician Arvind Kejriwal targeted Mr. Gadkari, it is clear that some senior leaders within the BJP have been plotting for his ouster.
Mr. Gadkari’s stint as the party chief would end in December and after the recent amendment to the party constitution, allowing a second term to the incumbent president, it was taken that Mr. Gadkari would get another term. However, the turn of events has put a question mark on second term chances of Mr. Gadkari.
So far the senior BJP leader L.K. Advani and Leader of the Opposition in the Lok Sabha Sushma Swaraj have defended Mr. Gadkari. But other party leaders like Gujarat Chief Minister Narendra Modi have maintained a steadied silence.
Keywords: Sushma Swaraj, Nitin Gadkari, Maharashtra irrigation scam, BJP, India Against Corruption, Purti sugar mills
How companies are formed in India and how much they follow law every
one knows. So bosses in Govt. will use govt. machinery against rivals
and for their interest. All this is for dilution of the matters of
Corruption & Price rise against the Congress govt. and to show
equally corrupt political alternative, but public understand the fact
well that when ever congress is in govt. corruption & inflation go
high and not willing to spare congress for the problem this time.
-Jindal Steel has relatives and sons as directors of companies under it.
-So does Tatas , Reliance etc. All are family run businesses.
-Birla had its accountant as a director, who later even claimed some property from Birla's empire. Do we forget it.
-Then the curious case of govt. company like ONGC or IOL, who give shares to its employess. So does majority of the private companies.
-Then to top it all these govt. companies provide loans to the employees to purchase the company's shares.
-Moreover, donot we give loans to our maid-servants or drivers during suppose a marriage of their son or daughter? These are unsecured loans.
-What are the "Minority loans" given by govt. banks? are these secure loans?
-BJP should be proud of Gadkari that he made drivers, astrologers as directors.
-Didn't Rajnikanth the famous actor made all his friends and even co-workers rich and give them employment in his comp
Where can we go from here? People of India were and looking to 2014 election where they can exercise their voting power and displace corrupt congress and wished to replace cleaner party like BJP. With what is getting exposed from the Gadkari case (look like Gadaffi of Libia), 70 shallow companies, 8 directors including bogus name and servant as director in 6 companies, all hopes of the people have shattered completely. We can not protct this nation with present leaders and leadership. Let army take over for 5 years and clean up the system. This is only way forward to save this country. No words for RSS. Mr Advani, Jetly and Mrs. Shushma please do not protect this gentlemen.
Thanks to the Registrar of Companies for reacting sharply on Gadkari's allegations. If the Registrar of Companies reacts in the same manner on people who are at the helm of affairs in the cabinet and off the cabinet, owning companies directly or indirectly will be more appreciable. Rule should be one for all.
How come the registrar of companies slept all these days suddenly woke up to esquire?!!
Why these IT & Registrar's failed to act before someone pointed out?
It is a goodnews for Gadkari. Don't worry both MCA income tax in the past never found any thing in an allegation. Have you ever heard anything from Satyam fiasco or a recent raid on Madurai atheenum?.But careful while keeping your purse safe during any raid. These persons I have witnessed snathing cash and never accounts the same.
That was quick on the MCA and IT dept. to start the probing on the opposition party. But why is that no probing has been initiated on the Congress party people.
1. Politics no one is truthful. All are corrupt and is in this game to
swindle money.
2. Congress is not happy that others are able to commit fraud without
get its due share. I am sure there will be a CBI (Congress Bureau of
Investigations) inquiry.
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