Scams during Mayawati's rule worth Rs 40, 000 crore : Akhilesh Yadav

May 16, 2012

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Lucknow, May 16: Uttar Pradesh Chief Minister Akhilesh Yadav on Tuesday said that financial irregularities were all-pervasive during the five-year tenure of Mayawati and affected practically every segment of the society. Yadav said that over Rs 40,000 crore were misappropriated in schemes ranging from eco parks to the NRHM.

The government would soon set up a commission to bring the probes into various scams under a single investigating authority along with inquiries recommended by the Lok Ayukta against a number of ministers in the previous government, Yadav said on Tuesday here.

People usually tend to take into account the money spent on a project as its net worth of the scam. But the actual cost of these projects turn out to be much higher, Akhilesh said. "When government makes such assessments, it includes the cost of land used, value of the existing structure razed to the ground for the new project, the repeated changes in design and construction work - all of this directly amounts to losses to the state exchequer," the chief minister said.

As per the government's estimates, the total worth of scams during the BSP rule is over Rs 40,000 crore, which is almost equal to the annual outlay for the state during 2011 - 2012 and is nearly one-fourth of the state's annual budget of Rs 1.89 lakh crore.

The major scams which had allegedly taken place during the Mayawati regime and are under the SP government's scanner are NRHM scam, toilet scam, elephant statues scam, Noida land scam, High Security Registration Plates (HSRP) tender scam, seed scam, etc. Investigations and inquiries are under way in each of these scams and in 50% of the cases, arrests have also been made leaving hardly any scope of doubt over allegations of misappropriation.

Though investigations into these scams have led to the arrest of bureaucrats and even senior ministers in the BSP government, the investigators are yet to establish a possible direct link between the misappropriations and the then chief minister Mayawati.

However, senior SP ministers have started accusing Mayawati of being directly involved in the scams. On Monday, health and family welfare minister Ahmed Hasan said: "Mayawati's name is also figuring in the NRHM scam." Another senior minister Azam Khan said that the allegations being levelled by the SP all these years are turning out to be true.

On Tuesday, former UP chief minister Rajnath Singh joined the chorus saying: "It is virtually impossible that such huge amounts were swindled and the then chief minister and Bahujan Samaj Party chief Mayawati was neither aware nor involved in the whole thing. Such huge sums of money cannot be swindled without the consent and interest of the chief minister," Rajnath Singh said on Tuesday.

But the BSP says that the accusations of scams were a mere political gimmick. Party's state president Swami Prasad Maurya said Mayawati had been the only chief minister till date to have taken stringent action against her own ministers and MLAs when ever they were found taking the law in their hand. "Name me one chief minister to have done this?" he questioned. "All this hype about the scams is being cooked up only to cover-up the government's failure in controlling the crime situation in the state," the SP state president said.

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News Network
November 21,2024

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Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after US prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.

Gautam Adani's flagship company Adani Enterprises tumbled 23 per cent, while Adani Ports, Adani Total Gas, Adani Green, Adani Power, Adani Wilmar and Adani Energy Solutions, ACC , Ambuja Cements and NDTV fell between 20 per cent and 90 per cent.

Adani group's 10 listed stocks had a total market capitalisation of about $141 billion at 0534 GMT, compared to $169.08 billion on Tuesday.

US authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years, and develop India's largest solar power plant project.

Adani Green in a statement on Thursday said the US Justice Department had issued a criminal indictment against board members Gautam Adani and Sagar Adani and the Securities and Exchange Commission had issued a civil complaint against them.

The US Justice Department also included Adani Green board member Vneet Jaain in the criminal indictment, it said.

Adani Green's units had decided not to proceed with the proposed US dollar denominated bond offerings due to developments, it added.

"Investors will shy away from Adani Group stocks ... and that's what this sharp selling is signifying," said Saurabh Jain, assistant vice president of retail equities research at SMC Global Securities.

"This could hurt the credibility of the group and maybe borrowing costs will rise," he said.

The indictment comes nearly two years after US shortseller Hindenburg Research alleged that Adani had improperly used tax havens and was involved in stock manipulation, allegations the conglomerate denied.

Also in early Asian trading on Thursday, Adani dollar bonds slumped, with prices down 3c-5c on bonds for Adani Ports and Special Economic Zone. The falls were the largest since the Adani Group came under a short-seller attack in February 2023.

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News Network
November 15,2024

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Union minister Amit Shah on Friday, November 15, said PM Narendra Modi will amend the Waqf Act despite opposition from leaders like Uddhav Thackeray and Sharad Pawar.

"Modi ji wants to change the Waqf Board law, but Uddhav ji, Sharad Pawar and Supriya Sule are opposing it," Shah said, addressing a rally at Umarkhed in Maharashtra's Yavatmal district.

"Uddhav ji, listen carefully, you all can protest as much as you want, but Modi ji will amend the Waqf Act," he said. Shah said there are two camps in the November 20 Maharashtra assembly polls, one of 'Pandavas' represented by the BJP-led Mahayuti and the other of 'Kauravas' represented by Maha Vikas Aghadi.

"Uddhav Thackeray claims that his Shiv Sena is the real one. Can the real Shiv Sena go against renaming Aurangabad to Sambhajinagar? Can the real Shiv Sena go against renaming Ahmednagar to Ahilyanagar? The real Shiv Sena stands with the BJP," Shah said.

"Rahul Baba used to say that his government would credit money in the accounts of the people instantly. You were unable to fulfil your promises in Himachal, Karnataka, and Telangana," he said.

Shah said the Mahayuti alliance has promised that women will get Rs 2,100 per month under the Ladki Bahin Yojana. "Kashmir is an integral part of India and no power in the world can snatch it away from us," Shah said.

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November 12,2024

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The Taliban regime has appointed Ikramuddin Kamil as the acting consul in the Afghan mission in Mumbai, Afghan media has reported.

It is the first such appointment made by the Taliban set up to any Afghan mission in India.

There was no immediate comment from the Indian side on the appointment that came.

The Ministry of Foreign Affairs of Afghanistan has announced the appointment of Kamil as the acting consul in Mumbai, the Taliban-controlled Bakhtar News Agency reported on Monday, citing unnamed sources.

"He is currently in Mumbai, where he is fulfilling his duties as a diplomat representing the Islamic Emirate," it said.

The appointment is part of Kabul's efforts to strengthen diplomatic ties with India and enhance its presence abroad, the media outlet said

Kamil holds a PhD degree in international law and previously served as the deputy director in the department of security cooperation and border affairs in the foreign ministry, it said.

He is expected to facilitate consular services and represent the interests of Afghanistan in India, the report added.

Kamil's appointment comes days after the external affairs ministry's point-person for Afghanistan held talks with the Taliban's acting defence minister, Mullah Mohammad Yaqoob, in Kabul.

Sher Mohammad Abbas Stanikzai, the Taliban's deputy foreign minister for political affairs, also posted on X about Kamil's appointment.

The appointment of Kamil is seen as part of efforts to facilitate consular services to the Afghan population in Mumbai.

There has been almost negligible presence of diplomatic staff at the Afghan missions in India.

Most of the diplomats appointed by the Ashraf Ghani government have already left India.

In May, Zakia Wardak, the seniormost Afghan diplomat in India, resigned from her position after reports emerged that she was caught at the Mumbai airport for allegedly trying to smuggle 25 kg of gold worth Rs 18.6 crore from Dubai.

Wardak had taken charge as the acting ambassador of Afghanistan to New Delhi late last year, after working as the Afghan consul general in Mumbai for more than two years.

She took charge of the Afghan embassy in New Delhi last November, after the mission helmed by then ambassador Farid Mamundzay announced its closure.

Mamundzay, who was an appointee of the Ghani government, had moved to the United Kingdom.

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