Home ODISHA LATEST Cong, BJP demand CBI probe into Odisha govt’s largesse to industries

Cong, BJP demand CBI probe into Odisha govt’s largesse to industries

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Reported by Chinmaya Dehury
Bhubaneswar, June 24:

Armed with the CAG report nailing the Odisha government for showing undue favour to industries in the state, the opposition Congress and BJP today demanded a CBI probe into the infrastructure PSU IDCO issuing ‘no objection certificates’ (NOCs) to a dozen industrial houses to raise loans from financial institutions by mortgaging government lands leased to them for setting up industries.

Odisha CAG reportThe CAG report, which was presented in the state Assembly on Monday, has rapped the state-owned Industrial Infrastructure Development Corporation Ltd (IDCO) for issuing NOC against 12 private promoters to avail loans worth more than Rs 52,000 crore from financial institutions by mortgaging land sub-leased to them.

“Earlier, we were talking of the scam. Now, the CAG has exposed the mega scam, which indicates that the BJD government is for businessmen and influential persons and not for the common man. Only a CBI inquiry can unearth more information regarding such irregularities that will expose the government,” said Leader of Opposition Narasingha Mishra.

The BJP also did not let go of the opportunity to corner the ruling party for its undue favour to corporate houses. Legislature party spokesman Basant Panda joined the chorus and demanded a CBI probe to unravel the ‘deal’ the government had entered into with the industries.

In a face saving exercise, the ruling BJD, however, defended the government saying that the CAG report is not final. “The opposition parties needs to wait till the CAG report is discussed in the Public Account Committee (PAC). Why are the opposition parties jumping the gun?” asked senior BJD MLA Amar Satapathy.

The CAG report noticed that loans worth Rs 52,423.50 crore were sanctioned by financial institutions in case of 12 promoters of MoU-based industries.

The report further said IDCO irregularly conferred mortgage rights in the lease deeds executed with 52 MoU based and 54 non-MoU based industries, while handing over possession of 46,732.894 acres of land even though such power was not vested with the state-owned PSU.