AAP: sugar mills bought at lesser value

The Aam Admi Party (AAP) has alleged that several Maharashtra politicians have bought sugar mills auctioned by the Maharashtra State Cooperative Bank at just ten per cent of their value. “Mills worth Rs. 300 crore were auctioned off at highly undervalued sums ranging from. Rs 10 to Rs. 20 crore,” alleged Anjali Damania, convener of the AAP in Maharashtra. Ms. Damania said that the bank had auctioned 26 cooperative sugar mills so far. These were sold both to private companies and organisations controlled by politicians. She alleged the auctions were rigged. “The sale of the mills at such low rates has caused a loss of Rs. 7800 crore to the exchequer,” she said. The AAP named three sugar mills bought by State politicians. — Staff Reporter