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 .
