The State government, which has already initiated proceedings
against Harrisons Malayalam Ltd (HML), has decided to seriously take up with
the Ministry of Corporate affairs, Ministry of Company Affairs, Enforcement
Directorate and other Central Financial Institutions all the issues, including
the alleged siphoning of money from the country, violation of FERA and
amalgamation of HML with its other companies.
Revenue Secretary Sathyajeeth Rajan will meet the
officials of Ministry of Corporate affairs, Ministry of Company Affairs,
Enforcement Directorate and other Central Financial Institutions and present the State's case before them.
It is learned that the State government had decided to
strongly present its views after the Centre had not taken any serious decision
with regard to the issues raised. The Centre had not responded to the State's
demand for a comprehensive inquiry into the alleged
diversion of funds by the company from the country to Ghana, which amounted to
violation of FERA.
The revenue secretary is also known to take up with the
ministry of Corporate Affairs the stand it had taken with respect to the
amalgamation of HML and its other companies. The Ministry had submitted before
the High Court that it will not object to the composite scheme of amalgamation,
which had raised a controversy with the state government stating that its views
were not sought before the Ministry gave the report.
Moreover, the state government is yet to get a response
about reports of availing tea subsidies by the company from the Tea Board by
producing alleged fake sketches and documents. The government had already
written to the various Ministries about the company availing tea subsidies
after the vigilance department is learned to have raised doubts about it.
Source: The Newindian Express
http://epaper.newindianexpress.com/221145/The-New-Indian-Express-Thiruvananthapuram/30-01-2014#page/5/1