NCLT shelter to Palogix infrastructure private limited .

 All their associates companies mainly M/s Trans Damodar Coal Mines Pvt. Ltd. , M/s Calcutta Industrial Supply Corporation, Kolkata , Aviral minerals , Sayonara  Thru NCLT all income tax notice and pending demands were waived . Huge Loss to the government treasury . 

All  GST and excise departments notice snd pending demands been waived thru NCLT . 

Palogix availed all subsidies and benifits under Wagon Investment Scheme and special freight schemes. This caused huge loss to Indian railways. 

The NCLT process was incorrectly done , as and all the creditors were not invited for the COC . 

All books and records were fraudulently maintained and several facts were concealed . 

These affairs of company was mismanaged and financial records fraudulently maintained have caused huge losses to government treasury and have displaced several small families. 

Read all the links below to learn of more on PALOGIX  ( kolkatta ) ( NOIDA) ( GURUGRAM ) -

1. https://bengalsamvad.wordpress.com/2021/05/29/pagolix-case-of-rakshak-becoming-bhakshak/

2. https://indiankanoon.org/doc/33579402/

3. https://bengalsamvad.wordpress.com/2020/07/07/palogis-shows-kolkata-has-become-corruption-capital/

4. https://bengalsamvad.wordpress.com/2021/03/14/scam-pagolix-initiated-during-tmcs-railway-minister/amp/

5. https://bengalsamvad.wordpress.com/2020/08/02/pagolix-cheating-government-by-misuse-of-nclt/amp/

6. http://bengalsamvad.blogspot.com/2021/03/scam-pagolix-initiated-under-umbrella.html

7. http://bengalsamvad.blogspot.com/2020/08/cheating-government-by-misuse-of-nclt.html?m=1

8. http://bengalsamvad.blogspot.com/2020/07/pagolix-scam-has-route-in-gwalior-too.html?m=1

9. http://bengalsamvad.blogspot.com/2020/07/palogis-shows-kolkata-has-become.html?m=1

10. http://bengalsamvad.blogspot.com/2021/05/pagolix-classic-case-of-rakshak-is.html

11. https://bengalsamvad.wordpress.com/2021/05/29/pagolix-case-of-rakshak-becoming-bhakshak/

12. https://indiankanoon.org/doc/142732664/  

13. https://www.casemine.com/judgement/in/5ac5e4af4a93261aa7948f24

14. https://economictimes.indiatimes.com/news/india/delhi-court-dismisses-west-bengal-cop-ashok-mishras-bail-plea-in-coal-scam/articleshow/83036906.cms

15. https://www.indiamart.com/palogixinfrastructure/

16. https://bengalsamvad.wordpress.com/2020/07/07/palogis-shows-kolkata-has-become-corruption-capital/

17. http://cgstkolkata.gov.in/RTIUpload/Kolkata%20North/Shri%20Jiten%20Chatterjee.pdf

PAGOLIX - Classic case of "Rakshak" is "Bhakshak"

 Ramesh kumar JHA ( pr.executive director vigilance ) posted at railway board , rail Bhawan , New Delhi & Ramesh Sharan RAI are best friends and are involved in below---

Ramesh sharan RAI , Ex railway employee , started Palogix infrastructure Pvt ltd and with associates m/s Aviral mineral , Madhu transport , typist enterprises , Jai balajee , kamal bhutoria,  , Narayana agarwala invested  60 cr into wagon investment scheme ( WIS ) .

This is a scam.

Ramesh sharan RAI , Ex-employee of railways makes multiple terminals in railways , and later got all loans , all taxes and penalty ) waived by availing NCLT scheme .

This is a scam.

Ramesh sharan RAI , Ex employee , misused special freight schemes of railways and caused losses to railways approximately 50000 crore .

This is a scam.

Ramesh sharan RAI , involved in trading illegal mined coal , illegal mined iron ore , illegal mined sand .

Loss to govt of several crores ( paid no cess , no royalty , no taxes .)

This is a scam.

Ramesh sharan RAI , ex- employer of railways , involved in Mass evasion of taxes, money laundering, foreign investments, cheating the govt .

All loans, all interest and all penalty  is waived .

All bank - ICICI, HDFC, IOB, Tata Capital, RBL are involved and various departments are also involved.

This is a scam..

Bank managers of HDFC , ICICI , IFCI venture capital funds ltd, Bessimer, IOB, Andhra,  RBL, Tata capital - these banks including several departments have supported palogix since 2007 - 2021 .

This is a scam.

Business partners are Atul paliwal , Vishal Rai , Ashutosh shukla , Dipti Patnaik , kamal singh bhutoria , Narayana agarwala . - they are obstacle in CBI investigation .

This is a scam.

This happened during TMC raj with palogix HQ in kolkatta , and branches in noida , gurugram , Gwalior. They keep changing office locations.

This is a scam.

Ramesh sharan RAI , ex employee has investment in more than 30 companies , in windmills , properties and land parcels .

This is a scam.

Ramesh sharan RAI , ex employee has several chartered accountant firms to assist , all KYC is incorrect, in MCA several staff are made dummy directors, some staff are missing for years .

This is a scam.

 

All this originated from West Bengal . 

All this happened during TMC .

Scam "Pagolix" initiated under umbrella called "TMC"

 

Ramesh Sharan Rai is Ex railway employee , took VRS during Railway Minister  & TMC leader Ms. Mamata Banerjee .

He formed the Company Pagolix infrastructure Private Limited.

Within few months  of Palogix Ramesh Sharan Rai made private railway terminals .

He was involved in illegal mining of iron ore and illegal mining of coal, and trading .

Ramesh caused loss to Indian railways for over 50,000 cr .

He evaded paying tax, cess, royalty , tds, income tax . He is getting away without paying tax and penalty since 2008 and continues till  today evading taxes .

Iron ore freight scam led to huge loss : as per CAG.

An iron ore freight evasion scam led to a loss of Rs 29,236 crore for Indian Railways between 2008 and 2013, the Comptroller and Auditor General of India (CAG) has said.

This comes amid an ongoing investigation by the Central Bureau of Investigation in a similar case involving tampering of electronic weighing machines for wagons to evade freight charges.

In a report presented to Parliament on Friday, the auditor said the revenue loss had resulted from manipulations in the dual freight policy, under which the railways charges less for transporting iron ore for domestic use and more, almost three times, for transporting the commodity for export.

 

The dual rate policy was aimed at capitalising on the increasing global iron ore prices in 2008. “The audit report highlights the deficiencies in compliance with the rules in booking and delivering iron ore at the domestic rate by the railway officials concerned, which resulted in a financial loss of expected goods earnings to the extent of Rs 50,000 crores ,” the CAG said.

 

The overall loss includes freight evasion of Rs 12,722 crore and non-imposition of penalty to the tune of Rs 11,418 crore, owing to partial or non-submission of documents, as well as submission of invalid documents, besides a penalty of Rs 5,095 crore for diversion of the iron ore transported at the domestic rate for trading.

 

The CAG’s findings are based on a review of records from private loading point of Palogix infrastructure Pvt Ltd .

“Acceptance of partial documents from consignees and allowing booking of iron ore, charging freight at domestic rates by the railway for 5,083 rakes led to freight evasion of Rs 2,309 crore. Non-submission, partial submission and submission of invalid documents in respect of Steel Authority of India Ltd resulted in short charging of freight of Rs 4,838 crore,” the report said.

Ramesh has now applied for NCLT and got all liabilities waived .

He bought peace by applying to nclt .

Ramesh owns 3 terminals , and several more after NCLT are planned under construction.

Within 4-5 year span he became a billionaire , and operates thru other 30 Pvt companies.

Ramesh invested 60 cr in Wagon investment Schemes . This scheme  is a bigger scam .

Tax evasion , money laundering , cheating the government ,

 

All of this happening with its roots in West Bengal , in kolkatta, under TMC raj .