Thind’s gross mismanagement financially undermined Himachal carton factory – Bragta

Shimla: Stung by former BS Thind, a former ADGP, holding a recent sale of a government owned carton factory’s plant machinery as a sellout, horticulture minister Narinder Bragta responded that mismanagement and heavy losses incurred during the 1993-1998 period had financially and technically damaged the unit.

At a conference call Bragta said, “It was surprising the BS Thind, the person who sealed the fate of the unit because of gross management, under utilization and financial improprieties during the 1993-1998 period, was calling it a sellout.”

He said that the government had got an special audit done about the Gumma Carton Factory done in 1998-2000, on the basis of which a case was lodged against Thind in April, 2001.

The matter is still pending before the courts, but an attempt was made to withdraw the matter from the courts in June, 2005, which the court had turned down, he said.

He said that for the period 1993-98, the carton factory had mounted a Rs 24.32 Cr loss on its books and had taken on a Rs 13 Cr loan in 1995 from HP State Cooperative Bank, which had not been repaid.

Bragta pointed out against an employment potential of 50 people, 150 persons were recruited leading to increased salary burden whereas the plant was grossly underutilized and no maintenance was undertaken.

The government in the year 2000 had cleared the books by paying up Rs 27.90 crore liabilities.

Among the financial irregularities for the period when Thind was its MD, the minister pointed out that Rs 71 lakh worth of carton was sold to Jammu & Kashmir but though the sale payment had not been collected, a commission of Rs 13.70 Lakhs had been paid out to inter-mediatory agents.

A bill of Rs 1.98 Lakh had been paid to a reputed lawyer, even though no case related to the carton factory had been attended to. The books of the loss making unit showed a gifts expenditure of Rs 8.64 lakhs and another expenditure of Rs 4.34 lakhs, which included buying an orchestra.

Regarding sale of plant machinery, the minister said that it had been got done in a transparent manner but since a petition in the matter had been filed before the High Court, the opportunity would be used to lay all the details before the court.

As Editor, Ravinder Makhaik has nurtured Hill Post for over a decade. A chequered path had him drift from managing family owned apple orchards, to turning a documentary filmmaker, to a journalist - with India’s leading television networks and newspapers, to boot strapping in founding Start-Ups. He lives in Shimla.

1 Comment

  • Political Statements – Designed to make excuses sound truthful, mistakes glorifying, scandals inevitable and corruption respectable…

    “Politicians keep pissing on their own legs… and thinking everyone else also feeling its a hot news”…lols

    Our leaders are doing great jobs, year after year creating pathetic situations and drowning state economy, we Himachali’s are blessed.. we’ll inherit a state legacy overburdened with scandals and debt in years to come…Cheers to scandals, long live corruption 😉

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