New Delhi: The Congress has accused the government of promoting pseudo-capitalism. Along with this, despite the deteriorating financial condition of the company, reply has been sought on giving loan of crores of rupees to Ruchi Soya, owned by Baba Ramdev.
Congress spokesperson Pawan Khera alleged that the tag of pseudo-capitalism does not seem to be removed from this government and he blamed the Prime Minister for this. “Prime Minister Narendra Modi and his government continue to extend the support and support of our capitalist friends,” he said.
Khera alleged that Ruchi Soya declared bankruptcy after taking a loan of Rs 12,146 crore from public sector banks like State Bank of India (SBI) and Punjab National Bank (PNB). This company is now owned by Ramdev’s Patanjali Group.
amount borrowed from banks
He also alleged that SBI, after failing to recover its loan from Ruchi Soya, provided an amount of Rs 3,250 crore to the Patanjali Group, which was the amount borrowed from public sector banks to buy Ruchi Soya for Rs 4,350 crore. Been a big part. No response could be received from Ramdev and the company regarding these allegations.
loss making company
Let us inform that the net profit of Baba Ramdev-led Ruchi Soya Industries in the fourth quarter of the financial year 2020-21 has been Rs 314.33 crore. At the same time, the company told the stock market that it had a net loss of Rs 41.24 crore in the same period of the previous financial year.
Also read: Ruchi Soya’s profit increased to 1018 crores after Patanjali acquisition, highest ever since inception