Kolkata: Two corporations owned by Trinamool Congress (TMC) strongman Anubrata Mondal’s daughter, a main schoolteacher, acquired ₹27.73 crore between 2018-22 as deposit from both one other firm or from their very own administrators, paperwork seen by HT present.
The mortgage quantities have been declared below a brand new rule notified below the Companies Act in 2014 primarily to assist funding of start-ups, reveals the acceptance of deposits statements filed by the 2 corporations since March 2019. The manner through which the cash as routed into the businesses — anonymously — raises questions, as does the aim for which the businesses, which generate earnings in lakhs, wanted the cash.
Mondal, who was within the custody of the Central Bureau of Investigation (CBI) since August 11 within the cattle smuggling case through which 1000’s of cows seized from cattle smugglers on the India-Bangladesh border have been allegedly auctioned cheaply again to the individuals in search of to smuggle them out, was on Wednesday despatched to 14 days of judicial custody by an area CBI court docket in Asandol.
CBI needs to query his daughter, Sukanya Mondal . A CBI official who requested to not be named mentioned the company is taking a look at whether or not both of the businesses was used to launder cash acquired from cattle smuggling.
ORIGIN OF COMPANIES
Sukanya Mondal , who was appointed as a trainer after the primary TMC authorities was fashioned in 2011, is director of Neer Developer Pvt Ltd and ANM Agrochem Foods Pvt Ltd, the 2 corporations below the CBI scanner.
The different director of those corporations is Bidyut Baran Gayen, an worker of Bolpur city municipality the place Mondal lives.
Anubrata Mondal holds 2,500 shares in ANM Agrochem Foods. His daughter owns the remaining 7,500 shares. In Neer Developer Pvt. Ltd, an actual property firm, Sukanya Mondal owns 71,400 shares, and Gayen 6,500.
ANM Agrochem was initially fashioned and registered by different founders as Bansal Mobile Services Pvt Ltd in 2011, data present. The firm’s title was modified in August 2017 when Gayen and Sukanya Mondal joined as administrators.
Similarly, Neer Developer was initially registered in 2006 as B & B Rice & Food Pvt Products Pvt Ltd primarily based at Suri city in Birbhum. The title was modified in 2010. Gayen joined as director in 2018, adopted by Sukanya Mondal in 2019.
On August 21, a CBI crew visited Bolpur and located three homes linked to Bidyut Baran Gayen. His kin informed the CBI crew that he was in Kolkata for medical remedy.
The two corporations now have their workplaces on the similar deal with the place Bholebam Rice Mill, which is owned by Sukanya Mondal, is positioned at Bolpur. According to paperwork seen by HT, the 2 corporations are tenants of the rice mill and every pay a month-to-month lease of ₹500. CBI raided the mill on August 19.
BENEFIT OF RULE
As per filings with the Ministry of Corporate Affairs, Neer Developer and ANM Agrochem Foods mentioned the cash they acquired between 2018 and 2022 was “not considered as deposit” below rule 2 (1) (C) of Companies (Acceptance of Deposit) Rules 2014.
“Basically, this is done not to reveal source of the money received and ensure timely repayment,” mentioned a Delhi-based chartered account, who reviewed the paperwork for HT on situation of anonymity.
Under Rule 2 (1) (c), cash acquired from governments, loans from overseas corporations or Indian banks and monetary establishments, different corporations, and administrators (from their very own funds) usually are not thought-about deposits.
The two corporations declared the acceptance of cash below rule 16 of the Companies (Acceptance of Deposit) Rules 2014 which additionally permits deposits or loans acquired from administrators or kin of the administrators, not declared below rule 2 (1) (C). Declarations below rule 16 are to be declared mandatorily in type no DPT-3.
A Kolkata-based lawyer who requested to not be named mentioned sure clauses within the Companies (Acceptance of Deposit) Rules, 2014 have been launched by the Centre primarily to encourage start-ups. In a 2020 modification, the tenure for reimbursement of mortgage was doubled in sure circumstances.
In the yr 2021-22, Neer Developer Pvt Ltd was proven to have acquired ₹2.1 crore from “any other company” and ₹2.7 crore from “a person who, at the time of the receipt of the amount, was a director of the company or the relative of the director of a private company”.
Acceptance of mortgage from these similar sources was declared by Neer Developer for the monetary years 2020-21, 2019-20 and 2018-19. The quantities have been ₹2.2 crore, ₹35 lakh, ₹1.1 crore, ₹38 lakh and ₹45 lakh, respectively.
In an analogous declaration for 2021-22, ANM Agrochem mentioned it acquired ₹4 crore from “any other company” and ₹2.9 crore from “a person who, at the time of the receipt of the amount, was a director of the company or the relative of the director of a private company.”
Loan was declared to have been accepted from these similar sources by ANM Agrochem for the monetary years 2020-21, 2019-20 and 2018-19. The quantities have been ₹2.1 crore, ₹3.8 crore, ₹15 lakh, ₹3.8 crore and ₹1.7 crore, respectively.
The 14 receipts over 4 monetary years add as much as ₹27.73 crore, in line with obligatory declaration of the 2 corporations to the ministry. The corporations didn’t use the availability to obtain cash earlier than 2018.
No mortgage was taken from any financial institution or monetary establishment by the 2 corporations throughout this whole interval, the declarations present.
In the 2020- 21 steadiness sheet, Neer Developer mentioned the corporate’s web revenue in 2020-21 was ₹17 lakh, down from ₹60 lakh the earlier yr. The description of product and providers within the steadiness sheet was declared as “rice” though Neer Developer is an actual property firm. This is being probed by CBI.
ANM Agrochem Foods had a web revenue was 5.14 lakh in 2020-21 towards ₹24.25 lakh in 2019-20.
CBI suspects that Mondal, who studied until Class 8 and by no means held any public workplace or contested an election, acquired numerous property and companies, most of that are registered within the names of his kin and aides. He is president of the TMC’s Birbhum unit.
Before becoming a member of the TMC throughout its formation in 1998, Mondal used to run a small grocery store and promote fish on the native market, Bolpur residents mentioned. His spouse, Chhabi Mondal, a homemaker, died of most cancers in 2020. She, too, held shares in ANM Agrochem and lent cash to the corporate, audit reviews present.
Mondal’s lawyer Sandipan Ganguly informed a CBI court docket on August 20, when his consumer’s remand software was being heard that Bholebam Rice Mill was a present to Mondal from his father-in-law whilst native individuals claimed that the mill was bought by the TMC chief in 2013. CBI discovered that it was registered within the title of Mondal’s daughter and spouse.
While leaving the court docket on August 20, Mondal mentioned; “I do not own any benami property.”
Gayen and Sukanya Mondal didn’t reply to calls .
Sanjib Kumar Dawn, Anubrata Mondal’s lawyer, mentioned all data referring to the businesses are so as.
“The businesses are legitimate and everything is shown in tax returns. If there was anything suspicious, the income tax department would have raised questions in the past. CBI is forcibly trying to implicate Anubrata Mondal in the cattle smuggling case,” Dawn informed HT.
West Bengal chief minister Mamata Banerjee spoke in Mondal’s assist at a TMC rally on August 14. “What has Kesto done?” she mentioned, referring to the Birbhum chief by his nickname and lambasting CBI and the Centre.