Why is ministry still rooting for MK Singh?
The Central Bureau of Investigation (CBI) has initiated a probe into the sale of a prime plot of land at an undervalued price in Ghaziabad by a public sector company - National Bicycle Corporation of India Limited (NBCL).
CBI sleuths are amazed at the desperation shown by the ministry of heavy industries & public enterprises in pushing for the extension of the said corporation’s acting chairman and managing director (CMD) MK Singh even after strong objections were raised by the Department of Personnel and Training (DoPT) and the Appointments Committee of the Cabinet (ACC). The prime land belongs to public sector company NBCL, which is part of the ministry of heavy industries & public enterprises and MK Singh has been acting as its CMD on additional charge since 4 August, 2008.
The ACC had categorically stated that under no circumstances his tenure will be extended further, but the ministry has again recommended an extension of six months for him, starting from 1 April this year. According to sources, the real reason for Singh’s extension lies with the sale of the prime land being sold on an undervalued price in Ghaziabad. The present market value of this land is nearly rupees 700 crore but it is supposedly being sold at rupees 200 crore. MK Singh is also an accused in a sexual harassment case and has other criminal cases that are pending.
The Indian National Trade Union Congress’ Bengal branch has already filed a complaint to CBI and CVC on this land deal and sought probe against functionaries of ministry of heavy industries & public enterprises.