Friday, July 19, 2019

.@keventeragro & WB Govt deal for Metro Dairy stake sale under @dir_ed lence ; @adhirrcinc wants CBI probe

ED investigation on Metro Dairy stake sale begins

West Bengal Animal resources development secretary B.P. Gopalika IAS gives al files related the sale to ED for probe

Kolkata : The sale of the 47 per cent stake by West Bengal Govt in Metro Dairy Ltd to its private partner Keventer Agro, which had 53 per cent share, in 2017 is under ED scanner. The West Bengal cabinet on August 23, 2017 had given its nod to divest the state government's equity in the Metro Dairy and sell it to Keventer Agro for Rs.85.5 cr. Later Keventer Agro sold 15 percent of its stake in Metro Dairy to a Singapore based company for Rs.170 cr. 

Congress MP Adhir Ranjan Chowdhury filed a case in Calcutta High Court for alleged corruption in the Metro Dairy share selling case and  demanded CBI probe in this case.

Metro Dairy, the country's first dairy project in public-private partnership model that began in the early 1990s, was set up as a tripartite venture among the West Bengal Milk Producers Federation Ltd, Keventer Agro and the National Dairy Development Board (NDDB). The NDDB later sold its 10 per cent stake to Keventer Agro.
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