सीधे मुख्य सामग्री पर जाएं

Canadian 'farmer logic': Who benefited from GSFC's obscure investment in Karnalyte?

On November 8, Counterview carried an article titled “Pump and dump strategy? Erosion of GSFC's Rs 250 crore investment in Canadian firm”, by a 1975 batch IAS bureaucrat, who was called a “turnaround man” by the Times of India way back in 2006. Second article by Luke on the subject (the first one was on January 4), it is based a letter he wrote to Gujarat chief secretary Anil Mukim protesting against a 2013 Gujarat State Fertilizers and Chemicals investment of Rs 250 crore in Canadian firm Karnalyte in 2013, whose value has now fallen to Rs 10 crore!
Based on the article – which argues that the PSU investment was allegedly made without taking into account the Canadian firm’s profile the for production and supply of potash, facing glut in the international market – the “Indian Express” carried a follow-up on November 10, even as quoting GSFC CMD Arvind Agrawal as stating he had not seen the letter, as it “is very long”, adding, “It is a seven-year-old matter and there is no point in going in, digging (sic!).”
This was followed by the Congress-controlled “National Herald” doing a detailed story on November 20 (following it up with a front page flier on November 22 in its Sunday print edition), titled “Gujarat rope trick”, and wondering, “Who decided in 2013 to invest Rs 250 crore in a dubious company in Canada? The investment has turned into junk and the Canadian company with three employees did not fulfil its commitment in the last eight years. But somebody benefitted. Who?”
Based on these article, Stockhouse, a top Canadian financial portal, one of North America’s largest small cap investor communities, whose members include affluent investors actively researching stock and looking for new opportunities, carries a scathing letter on the GSFC investment by one of its members. Titled “Farmer Logic”, the letter has been apparently written by a Canadian farmer, referring in passing that Luke, on retirement, has taken up farming. Read on:
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Interesting articles out of Gujarat! Thanks for putting those on for me to read. A few months ago when I started my thoughts on here, I had a hard time aligning why a State run enterprise would invest in a foreign country to get something they could buy on the open market. Those posts were around August 17th.
Having been to India many years ago, I saw (and it happens here too) that a Government might not be corrupt but people in the Government can and sure will be, and they try to get their hands on some money.
In one of the articles Mr. Luke who is on the back 9 of his life and has taken up farming (God Bless him) said he has no personal interest in this but wants to bring the truth to the people of Gujarat. Note, no personal interest but he knows something was up all along. 
At another point in one of the articles, it says that money went down the drain.....and farmer logic says check the end of the drain to see who that money benefited.
Who has zero-NO Shares in this venture but yet have a personal interest and are getting paid?! The current management and board members! Doesn't anyone else see that?
Of course they want to keep things the same and conserve cash.....to pay themselves.
Those of you who are from the farm or are handy will know that when issues/problems come up, people look for someone or something to blame. I have an adopted brother who many years ago used to help on the farm. Everything he touched broke or got smashed. He could blame this or that or another person but it turns out he was the common denominator involved in every wreck and managed to survived with excuses and blaming others and other things until my Dad (he loved that boy and gave him many chances) realized that the boy was the problem.
Who is the common denominator and has survived all this turmoil? Danielle and GSFC board members (individual people) have continued to be personally paid since this all started and in the meantime have invested not one dollar personally into this company!!!?
Danielle and the current board have seen Mr. Phinney get run over and out of the company, along with all the other board members who actually owned shares as well as an interim CEO who owned a good amount of shares and a recent CEO.
Danielle and the current board are at the end of the drain receiving all the money and the benefit. I looked through the Proxy materials. Danielle and the whole board who own no shares are the ones getting paid and they are disparaging proposed board members who actually own shares? Doesn't anyone else see that as upside down?
in one of those articles from Gujarat media Mr. Luke or the writer says that the current interim CEO is unknown!!!
Read the Proxy that was just sent out, Danielle is praised as having all this experience and knowledge....in what operating/producing fertilizer venture? In Political alignment with the personal individuals from GSFC on the board it would appear she is well versed at. She, along with the GSFC individuals took home good personal money and survived Mr. Phinney and everyone else ever involved and not one of them owns a share!
To me it is right there! They are the only ones benefiting Can't anyone see that? It appears the higher ups in GSFC and people in the State of Gujarat and the Government are figuring it out.
The Fox is in the Hen House. There is no one left for Danielle to throw under the bus and survive, unless someone from GSFC will be the fall guy.....or will GSFC turn on Danielle?

टिप्पणियाँ

ट्रेंडिंग

हिंदी आलोचना जैसे पिछड़ चुके अनुशासन की जगह हिंदी वैचारिकी का विकास जरूरी

- प्रमोद रंजन*   भारतीय राजनीति में सांप्रदायिक व प्रतिक्रियावादी ताकतों को सत्ता तक पहुंचाने में हिंदी पट्टी का सबसे बड़ा योगदान है। इसका मुख्य कारण हिंदी-पट्टी में कार्यरत समाजवादी व जनपक्षधर हिरावल दस्ते का विचारहीन, अनैतिक और  प्रतिक्रियावादी होते जाना है। अगर हम उपरोक्त बातों को स्वीकार करते हैं, तो कुछ रोचक निष्कर्ष निकलते हैं। हिंदी-जनता और उसके हिरावल दस्ते को विचारहीन और प्रतिक्रियावादी बनने से रोकने की मुख्य ज़िम्मेदारी किसकी थी?

ગુજરાતના સ્થાપના દિવસે યાદ કરીએ ભારતના વિશ્વપ્રસિદ્ધ ગુજરાતી પુરાતત્વવિદ્ ને

- ગૌરાંગ જાની*  આજે કોઈ ગુજરાતી એ કલ્પના પણ ન કરી શકે કે વર્ષ ૧૮૩૯ માં જૂનાગઢમાં જન્મેલા એક ગુજરાતી વિશ્વ પ્રસિદ્ધ બની શકે! પણ આપણે એ ગુજરાતીને કદાચ વિસરી ગયા છીએ જેમણે ગિરનારના અશોક શિલાલેખને દોઢસો વર્ષ પૂર્વે ઉકેલી આપ્યો.આ વિદ્વાન એટલે ભગવાનલાલ ઈન્દ્રજી. ૭ નવેમ્બર, ૧૮૩૯ ના દિવસે જૂનાગઢના પ્રશ્નોરા નાગર બ્રાહ્મણ પરિવારમાં તેમનો જન્મ થયો હતો. જૂનાગઢના એ સમયે અંગ્રેજી શિક્ષણની સગવડ ન હોવાને કારણે તેમને અંગ્રેજી ભાષાનું જ્ઞાન ન હતું પણ પાછળથી તેમણે ખપ પૂરતું અંગ્રેજી જાણી લીધું હતું.

Under Modi, democracy is regressing and economy is also growing slowly

By Avyaan Sharma*   India is "the largest democracy in the world", but now its democracy is regressing and its economy is also growing slowly. What has PM Modi's ten years in power brought us? Unemployment remains high. Joblessness is particularly high among India's youth - with those aged 15 to 29 making up a staggering 83% of all unemployed people in India, according to the "India Employment Report 2024", published last month by the International Labour Organisation (ILO) and the Institute of Human Development (IHD). The BJP-led government did not provide jobs to two crore youth in a year as was promised by Modi in the run up to the 2014 general elections.

नफरती बातें: मुसलमानों में असुरक्षा का भाव बढ़ रहा है, वे अपने मोहल्लों में सिमट रहे हैं

- राम पुनियानी*  भारत पर पिछले 10 सालों से हिन्दू राष्ट्रवादी भारतीय जनता पार्टी (भाजपा) राज कर रही है. भाजपा आरएसएस परिवार की सदस्य है और आरएसएस का लक्ष्य है हिन्दू राष्ट्र का निर्माण. आरएसएस से जुड़ी सैंकड़ों संस्थाएँ हैं. उसके लाखों, बल्कि शायद, करोड़ों स्वयंसेवक हैं. इसके अलावा कई हजार वरिष्ठ कार्यकर्ता हैं जिन्हें प्रचारक कहा जाता है. भाजपा के सत्ता में आने के बाद से आरएसएस दुगनी गति से हिन्दू राष्ट्र के निर्माण के अपने एजेण्डे को पूरा करने में जुट गया है. यदि भाजपा को चुनावों में लगातार सफलता हासिल हो रही है तो उसका कारण है देश में साम्प्रदायिकता और साम्प्रदायिक मुद्दों का बढ़ता बोलबाला. इनमें से कुछ हैं राम मंदिर, गौमांस और गोवध एवं लव जिहाद. 

Laxmanpur Bathe massacre: Perfect example of proto-fascist Brahmanical social order

By Harsh Thakor  The massacre at Laxmanpur-Bathe of Jehanabad in Bihar on the night of 1 December in 1997 was a landmark event with distinguishing features .The genocide rightly shook the conscience of the nation in the 50th year of Indian independence. The scale of the carnage was unparalleled in any caste massacre. It was a perfect manifestation of how in essence the so called neo-liberal state was in essence most autocratic. 

रैंकिंग: अधिकांश भारतीय विश्वविद्यालयों का स्तर बहुत गिरा, इस साल भी यह गिरवाट जारी

- प्रमोद रंजन*  अप्रैल, 2024 में भारतीय विश्वविद्यालयों की अंतर्राष्ट्रीय स्तर पर उच्च रैंकिंग की चर्चा रही। मीडिया ने इसका उत्सव मनाया। लेकिन स्थिति इसके विपरीत है। वैश्विक विश्वविद्यालय रैंकिग में अच्छा स्थान मिलने की खबरें, कुछ संस्थानों को इक्का-दुक्का विषयों में मिले रैंक के आधार पर चुनिंदा ढंग से प्रकाशित की गईं थीं। वास्तविकता यह है कि हाल के वर्षों में हमारे अधिकांश विश्वविद्यालयों का स्तर बहुत गिर गया है। इस साल भी यह गिरवाट जारी रही है।

नोएडा में मैन्युअल स्कैवेंजर्स की मौत: परिवारों को मुआवजा नहीं, प्राधिकरण ने एफआईआर नहीं की

- अरुण खोटे, संजीव कुमार*  गत एक सप्ताह में, उत्तर प्रदेश में सीवर/सेप्टि क टैंक सफाई कर्मियों की सफाई के दौरान सेप्टिक टैंक में मौत। 2 मई, 2024 को, लखनऊ के वज़ीरगजं क्षेत्र में एक सेवर लाइन की सफाई करते समय शोब्रान यादव, 56, और उनके पत्रु सशुील यादव, 28, घटुन से हुई मौत। एक और घटना 3 मई 2024 को नोएडा, सेक्टर 26 में एक घर में सेप्टि क टैंक को सफाई करते समय दो सफाई कर्मचर्मारी नूनी मडंल, 36 और कोकन मडंल जिसे तपन मडंल के नाम से जानते हैं, की मौत हो गई। ये सफाई कर्मचर्मारी बंगाल के मालदा जिले के निवासी थे और नोएडा सेक्टर 9 में रहते थे। कोकन मडंल अपनी पत्नी अनीता मडंल के साथ रहते थे। इनके तीन स्कूल जाने वाले बच्चे हैं जो बंगाल में रहते हैं। नूनी मडंल अपनी पत्नी लिलिका मडंल और अपने पत्रु सजुान के साथ किराए पर झग्गी में रहते थे। वे दैनिक मजदरूी और सफाई कर्मचर्मारी के रूप में काम करते थे।

दाँव उल्टा पड़ा: राहुल गांधी के रूप में हम एक साधारण इंसान को नायक होते देख रहे हैं

-  अमिता नीरव  संघ औऱ बीजेपी ने राहुल गाँधी पर जो सोचकर ‘इन्वेस्ट’ किया था, उसके परिणाम गंभीर रूप से नुकसानदेह आ रहे हैं। ये थोड़ी अटपटी बात लग सकती है, लेकिन सोचिएगा कि संघ और बीजेपी ने राहुल गाँधी को जितना गंभीरता से लिया, उनकी संभावनाओं को लेकर वे जितना श्योर थे, उतना तो खुद राहुल और कांग्रेस भी नहीं थी।

બે પુખ્ત યુવક-યુવતીન જીવનસાથી બનવા નક્કી કરે તો સત્તાધારીઓના પેટમાં કેમ ગોળો ચઢે છે?

- બિપિન શ્રોફ   “લવ જેહાદ”! કેવો લાગ્યો આ  શબ્દ?  શું મારુ કે તમારું નાકનું ટેરવું તો ચઢી ગયું  નથી ને? લખનાર અને વાંચનાર બે માંથી કોઈના મા-બાપની કોઈ ગરાશ તો લૂંટાઈ ગઈ નથી ને ? એ તો જેને વીતે તેને ખબર પડે? પરોપ દેશે પાંડિત્યમ! કેમ? ખરી વાત ને? 

बिहार के ऐतिहासिक विक्रमशिला विश्वविद्यालय के खंडहरों की परिक्रमा का रोमांचक अवसर

- सुमन्त शरण  कुछ दिन पहले एक सुदूर ग्रामीण अंचल (पीरपैंती)  से तकरीबन डेढ़-दो घंटे की दूरी पर अवस्थित ऐतिहासिक बौद्ध विक्रमशिला विश्वविद्यालय (के अवशेषों) की परिक्रमा का अवसर मिला। विक्रमशीला विश्वविद्यालय की स्थापना पाल वंश के राजा धर्मपाल ने की थी। 8वीं शताब्दी से 12वीं शताब्दी के अंत तक यह विश्वविद्यालय भारत के प्रमुख शिक्षा केंद्रों में से एक हुआ करता था। कहा जाता है कि यह अपने कुछेक अत्यंत अनूठे नवाचार के चलते उस समय नालंदा विश्वविद्यालय का सबसे बड़ा प्रतिस्पर्धी था। हालांकि, मान्यता यह भी है कि अल्प अवधि के लिए दोनों विश्वविद्यालय के बीच शिक्षण एवं प्रबंधन के क्षेत्रों में घनिष्ठ पारस्परिक संबंध एवं शिक्षकों के आदान-प्रदान का सिलसिला भी रहा था। यह विश्वविद्यालय तंत्रशास्त्र की पढ़ाई के लिए सबसे ज्यादा विख्यात था। इस विषय का एक सबसे विख्यात छात्र अतीसा दीपनकरा था, जो बाद में तिब्बत जाकर बौद्ध हो गया। इसके प्रथम कुलपति ज्ञान अतिस थे।