Friday, June 11, 2021

Farm Laws Open Pandora Box

Farm Laws Open Pandora Box

Modi vs anti-Modi nexus
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Entire rice /food industry has been under the ED/CBI observation after they committed a lot of NPAs, money laundering, and promoters absconded from India.

LAL MAHAL
REI AGRO
BEST FOODS
AMIRA FOODS
DUNAR FOODS
BUSH FOODS
SHAKTI BHOG FOODS
SUKHBIR AGRO

DEFAULTS LIST:

- AMIRA FOODS 1200 CRORES
- SHAKTI BHOG - 3000 CRORES
- BUSH FOODS 900 CRORES
- DUNAR FOODS - NSEL SCAM 5000 CR 
- REI AGRO - 7000 CRORES
- KRBL - AUGUSTA WESTLAND money laundering Rs. 5000 CRORES.

At the bottom of this article, there are links to the frauds.

The list is long. There is a clear nexus of the agro industry and the Congress crony capitalism which has resulted in liberal sanctions of loans to these companies between 2005 to 2014 and now the owners/promoters are absconding/fugitives; and ED/CBI have opened investigation against them. The Congress led rot was prevalent all across the Food eco-system /food processing industries/public distribution/Ration shops/Food Corporation of India/ Sukhbir Agro; and not surprisingly their freedom and money making machines have been impacted adversely by introduction of Farm Laws. That is why the protest drama.

Search on these companies and all CBI investigations against them will be listed. All of these companies have been declared insolvent under the Indian Insolvency Law and owners have defaulted on repayments. Surprisingly if you see their financial statements FY 2008 - FY 2015, they recorded 20%+ average annual growth and suddenly started defaulting on loans once IBC (Insolvency and Bankruptcy Code) was introduced in 2016 along with GST on branded foods. Before 2016 they were drawing and had been sanctioned loans from Banks  liberally, based on their drawing power (technical term for loan sanctions) after inflating inventories and receivables artificially.

Money received from banks was withdrawn and was laundered in connivance with Congress political master Kamal Nath, Sharad Pawar, Badal, Mulayam Yadav and others. The laundered money was since then used to buy land banks in India and also diverted outside India to giant banks, viz. Goldman Sachs, UBS, Swiss Bank, etc.

Modi Government is ensuring these companies pay back all the public monies swindled to the banks. And here is the greatest discord between Modi and anti-Modi group.

Note the sequence of laws implemented in India:

DEMONITISATION 2016, 
GST 2017, 
IBC (Insolvency) 2016, 
BENAMI PROPERTY 2016, 
TAX AMNESTY 2016, 
FUGITIVE OFFENDERS 2017, 
WILFUL DEFAULTERS 2016, 
RERA (Real Estate Regulation Act) 2016, 
FARM LAWS 2020, 
Collective investment schemes 2016 (Sahara/Rose Valley /Sarada Scams), 
DIRECTORS KYC (Companies Act).

500,000 companies which were found to be defunct (fake accounting entry business) were stifled after demonitisation. A lot of erstwhile directors of Companies never did revise KYC in 2016-2017-2018, and all of them were disqualified to be directors in any companies. These were largely doubtful personalities involved in loan sanctions,  influencing banks and money laundering for political masters.

No one had the guts to do what MODI has done and is doing.  It is a cleansing of system as has never been done for last 70 years. Please stand strong with MODI. He will ensure justice for everyone. He does not personally benefit nor does his family.  He is fighting for us and it will be SINFUL of us  not to recognise and support him in this fight.

Moreover he has earned the wrath of the global elites who have looted and ruled India even after independence through Gandhi Parivaar, Raghuram Rajan, and many more.

He is also being plotted for assassination across the globe by vested interests.

He is selfless. Stand by him.

* SHAKTI BHOG
https://www.google.co.in/amp/s/www.thehindu.com/news/national/cbi-books-shakti-bhog-foods-for-326942-cr-bank-fraud/article33472237.ece/amp/

* AMIRA FOODS
https://www.google.co.in/amp/s/www.thehindu.com/news/cities/Delhi/delhi-based-company-others-booked-for-1201-cr-fraud/article33186324.ece/amp/

* BUSH FOODS 
https://www.google.co.in/amp/s/goachronicle.com/ed-arrests-bush-foods-overseas-employee-in-rs-750-crore-money-laundering-case/

* DUNAR FOODS 
https://www.google.co.in/amp/s/m.economictimes.com/topic/Dunar-Foods-Ltd/amp

* REI AGRO 
https://www.google.co.in/amp/s/www.thehindubusinessline.com/companies/ed-attaches-assets-worth-48104-crores-of-rei-agro-in-a-bank-fraud-case/article28781866.ece/amp/

* KRBL 
https://www.google.co.in/amp/s/www.livemint.com/market/stock-market-news/krbl-shares-fall-15-as-ed-arrests-its-joint-md-in-vvip-choppers-case/amp-11612154204582.html

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* PathbreakingInitiativesByBjpGovt

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