BEML stakes sale a deceitful move, alleges M B Rajesh
Kozhikode: The Centre’s plan to sell stakes of Bharat Earth Movers Limited (BEML) for low prices is an unforgiveable act and deceitful move, said Palakkad MP M B Rajesh.
In a post on his Facebook page, he said the scam looks bigger than the medical college bribery scam.
According an earlier report carried by Mathrubhumi, the Centre has put BEML’s worth at Rs.518.44 crore even though the public sector undertaking has a net market value of over Rs 50,000 crore.
Rajesh says he had raised the issue in Parliament and has posted the details of the response.
In his Facebook post, he explained that BEML is the prestigious Defence sector public enterprise in India. He alleged that Centre is selling the stakes at low prices to help private companies.
He says BEML has 4191.56 acres of land in its possession. Of this, 2696.63 acres are owned by the company while 1494.93 acres are taken for lease. The total market price of the lands in Bangalore, Kolar, Chennai, Mysore, New Delhi, Mumbai, Pune, Ranchi, Palakkad and Kochi comes around Rs 33,170 crore. But, the Centre says it is just Rs.92 crore, he notes.
In the form of tax alone, BEML has remitted Rs 6409.89 crore to the exchequer in the last 10 years. In the last year alone, they remitted Rs. 693.46 crore. Even then, Modi government estimated its net worth as 92 crore, Rajesh says.
Apart from taxes, the company has contributed Rs 76.10 crore to the exchequer in the last 10 years. The annual profit of the company after paying the taxes was Rs.1141.36 crore, he notes.
READ HIS POST HERE: