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HindustanTimes Wed,24 Sep 2014

BSP ministers floated companies, indulged in money laundering

Rajesh Kumar Singh, Hindustan Times  Lucknow, July 09, 2013
First Published: 21:34 IST(9/7/2013) | Last Updated: 21:38 IST(9/7/2013)

Politics have been their primary occupation yet they have been found running multi-crore business empire. Some have floated companies other have been found indulged in money laundering. They have invested ill-gotten money in various cities as well as in foreign countries.

 
The eight ministers in previous Bahujan Samaj Party (BSP) government under vigilance scanner have used all tricks in book for the investment of the corruption money they have raised while heading various departments. Acting on the Lokayukta recommendation the state government has ordered vigilance probe against them.
 
In the preliminary probe the vigilance department has detected that the ministers have floated companies and were also involved in money laundering.

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The vigilance department has decided to take assistance of the Enforcement Directorate (ED) to detect the trail of the ill-gotten money. ADG, Vigilance Bhanu Pratap Singh said ED has expertise to work out such cases.
 
Talking to HT, Lokayukta, Justice (retd) NK Mehrotra said during  probe into the disproportionate asset of the ministers including Naseemuddin Siddiqui, Babu Singh Kushwaha, Ramvir Upadhyay, Rangnath Mishra, Awadhapal Singh Yadav, Badshah Singh, Rakesh Dhar Tripathi, Chandradeo Ram Yadav and Ramachal Rajbahr I found that several of them have floated companies.

Politicians are not businessmen then why they have floated companies. When I dig up further it was found that the companies have been floated for the investment of the ill-gotten money and to deceive the Income Tax department.
 
The ministers were also found acting as con man. They invested money in the company when the share of the companies went bullish they sold it to another person.

In some of the cases the company disappeared or was declared bankrupt, Lokayukta said and added when I found that large money have been transferred to the fake companies I urged the state government to get the case investigated by a specialized agency like ED, CBI or Vigilance.
 
During investigation it was found that the asset of the former minister and national general secretary of BSP, Naseemuddin Siddiqui increased from Rs. 69 lakh in 2007 to Rs. 13.60 crore in 2012.

The asset of Rangnath Mishra increased from Rs. 1.97 crore in 2007 to Rs. 7.61 crore in 2012. The asset of Awadhpal Singh Yadav, Rakesh Dhar Tripathi, Ramvir Upadhyay, Chandradeo Ram Yadav, Ramachal Rajbharand Babu Singh Kushwaha has made  300% to 500% increase since the became minister in 2007 till they lost power in 2012 assembly election.
 
Using their influence these ministers have grabbed government land, ensured that their kin get contract floated by the government departments and diverted the MLA area development fund to the Trusts and educational institutions run by their family. A Vigilance department officer said after completing the investigation the state government can seize their illegal property under Criminal Law Amendment Ordinance, 1944.
 
Hindustan Times tried to get the version of the ministers but they refused to speak about the investigation and charges. Naseemuddin Siddiqui, Ramvir Upadhyay and Ramachal Rajbhar said due to political vendetta they are being harassed by the state government.   


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