Tuesday March 19, 2019
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Two Kolkata-based companies under scanner for buying Mamata Banerjee’s paintings

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By NewsGram Staff Writer

The Central Bureau of Investigation and the Enforcement Directorate have pinned down two Kolkata-based firms because of their dubious balance sheets. The two companies despite having minimal profits, as displayed in their balance sheets, have spent crores for buying paintings drawn by West Bengal’s Chief Minister Mamata Banerjee.

One of the companies has its office a British India Street while the other is located on Camac Street in Kolkata.

According to a news report, the balance sheet of British India Street firm shows a total earning of Rs 36,000 in 2009-10 and 2010-11. However, despite the meager income the firm invested Rs 2.31 crore to buy at least nine paintings, reportedly drawn by Mamata Banerjee, before assembly elections.

Reportedly the other company shows an income of Rs 33,000, but spent Rs 2 crore on two paintings, reported the Times of India.

The investigators probing the case are trying to determine whether the bank accounts of the two companies became inactive immediately after the elections were over.

TOI reported an officer as saying, “It is possible that they may have posted bigger profits later but unless the company produces those account sheets, the probe will continue.”

Based on the recorded statements, the investigators have found out that the British India Street office has not been opened in months.

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PM Modi Slammed for “Destroying” CBI: Congress on Alok Verma’s Case

The Congress on Tuesday slammed Prime Minister Narendra Modi after the Supreme Court reinstated Alok Verma as the Central Bureau of Investigation (CBI) Director, saying he has been exposed for "destroying" the premier investigating agency.

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Image: IANS

The Congress on Tuesday slammed Prime Minister Narendra Modi after the Supreme Court reinstated Alok Verma as the Central Bureau of Investigation (CBI) Director, saying he has been exposed for “destroying” the premier investigating agency.

“Modi adds another first to his list. After being the first Prime Minister to be exposed destroying the CBI before the Supreme Court, after having ruined the CVC’s (Central Vigilance Commission) credibility (requiring supervision by former SC judge), Modi has now become first Prime Minister to have his illegal orders set aside by the Supreme Court,” Congress spokesperson Randeep Singh Surjewala said in a series of tweets.

His remarks came soon after the Supreme Court judgment pronounced on a plea by Verma and NGO Common Cause challenging the government’s decision on the intervening night of October 23-24 to divest Verma of his charge as head of the investigating agency.

Reminding Modi that the government comes and goes but the integrity of the institutions survive, Surjewala hoped that the judgement would be a “lesson” to the Prime Minister about the strength of country’s democracy and the Constitution.

“Modiji please remember, governments have come and gone. Integrity of our institutions have survived. Let this be a lesson to you about the strength of our democracy and the Constitution. Let this be a lesson that howsoever despotic you may be, law catches up in the end,” he said.

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Central Bureau of Investigation (CBI). Wikimedia

Firing salvo at Prime Minister, the Congress leader said: “After making CBI Chief suffer the consequences of your illegal decision for three months, will you show the courage to return three months of lost tenure? Unless you are afraid of investigation into Rafale scam.

“Modi equals to ‘Muzzling of Democratic Institutions’. First, you lose four economic advisors in a row including two RBI Governors. Second, four Supreme Court judges go public on Judge (B.H.) Loya, then you destroy credibility and competence of the CBI and CVC. This is your model of ‘minimum governance, maximum government’,” he added.

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Congress leader Abhishek Manu Singhvi questioned the Supreme Court verdict asking what has changed now.

“Before the Supreme Court verdict; Alok Verma didn’t have powers of CBI Chief, couldn’t take any decision on policy or investigation. After Supreme Court verdict: Ditto,” Singhvi tweeted. (IANS)