Delhi High Court division bench presided by Chief Justice supported government proposal to restructure Nafed. The court observed that accountability and fight against corruption in Nafed should be pursued.
The Court upheld most of the decisions including filing of FIRs against 5 persons by the MD and his team.
The ruling in a way rebuked the Board decision to oust the Managing Director Mr. C Anand Bose against government wishes.
Talking to Indian Cooperative Mr Bose said that our line of action has been upheld by the honorable court too. I had gone there to restructure Nafed, make people accountable and weed out corruptions. Delhi High court has more or less dittoed our stand, added Mr. Bose.
Earlier, the Enquiry Committee has sent notices to 7 directors and has given them 8 weeks to reply. Some of the names of present and former Directors whom notices have been served are Mr. Bijender Singh, present Chairman, Mr. C V Holkar, present Director, Shri Niwas Gauda, former Director, Nagar Dalli, former Director, and Mr Makker former Director from Punjab. There are two former ministers from Karnataka in the list.
The business committee of Nafed entered into tie up business with many private parties leading to huge loss to Nafed. Top officials with their “notorious tie-ups” with some private businesses allegedly made Nafed extend counter guarantees on loans taken by them without any security, with the connivance of a few board members. It is also reliably learnt that Delhi police has arrested the former additional managing director Homi Rajvanshi — and a Delhi-based businessman identified as O.P. Aggarwal in this connection.
