Millennium Post

Son working for rural uplift but being maligned by vested interests: Moily

Petroleum and Natural Gas Minister Minister M Veerappa Moily, against whom a newspaper has published a story alleging that a Trust owned by his family has received grants from corporates, made it clear on Wednesday that he has at no point extended any help or favour to any company for seeking aid.

In a statement, Moily said that the Kisan Sabha Trust, operated by his family members, approaches corporates who are promoting social causes for the benefit of people from the bottom of the pyramid.

'I would like to categorically state that there has been absolutely no occasion for me to extend any kind of favour or help to any corporate for seeking financial assistance for the Trust,' he said.Moily added that his son Harsha professionally and independently runs the company, MokshaYug Access India Pvt Ltd (MYA) and is a trustee in the Kisan Sabha Trust.The minister said that he is immensely 'pained to see his son Harsha, who has built and professionally manages a company that is playing an important role in driving prosperity in rural India, being condemned by vested interests merely because he happens to be the son of a political person'.

'It is also a matter of fact that Harsha has been successfully working towards a social cause on the basis of his own conscience and without any political ambitions,' observed Moily.'MYA is a professionally run company engaged in activities beneficial to people belonging to bottom of the pyramid of economic development,' the Minister said.

On Tuesday Harsha had clarified that MYA 'received funding from professional investors in 2008, much before my father joined the government'.'MYA's investors did due diligence on MYA through the most part of 2007, and the funding from VCs (venture capitalists) came through in March 2008,' he said.Moily senior was made law minister when UPA-II came to power in 2009 and moved to the Corporate Affairs Ministry in 2011. Commenting on the association of Reliance Industries Ltd (RIL) executive Ananth Ravi with MYA, Moily said that Harsha's association with Ravi dates back to 1999.'Moreover, the mentorship role that Ananth Ravi played was between December 2010 to July 2011 when he was not employed with Reliance and Ravi excluded himself from the Advisory Board upon re-joining Reliance in August 2011,' he said. The Kisan Sabha Trust, the Minister said, was founded in 1968.

Founded in 1992, the Mahatma Gandhi Residential High School, being run under the aegis of the Kisan Sabha Trust, has been engaged in providing education for children from the weaker sections of society and school drop-outs.
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