Kolkata, April 2 (IANS) Suspended Trinamool Congress leader Sheikh Shahjahan made a profit of over Rs 100 crore only from his prawn and shrimp export business, and that too in just two financial years — 2021-22 and 2022-23, as per the findings of the Enforcement Directorate (ED) which has Shahjahan in its custody now.
Sources said the whooping profit was earned through different avenues — the first was from the prawn and shrimp produced at the pisciculture farms directly owned by Shahhahan through his family members, the majority of which were set up via illegal and forceful conversion of farmland by flowing in saline water there.
The second was by putting pressure on other pisciculture farm owners to sell the prawn and shrimp produced in their farms at a nominal profit to the export business of Shahjahan, which was registered in the name of Sheikh Sabina, his daughter.
Sources said the pressure from Shahjahan on the other local pisciculture farm owners was that they will have to bear the cost of breeding and rearing the prawn and shrimp at their farms and sell those products only to the export farm of Shahjahan, and not to any third party, and that, too at a marginal profit.
The sources added that the products purchased at such nominal prices were sold at premium rates in the export market by the farm registered in the name of Shahjahan’s daughter, which helped him earn a whooping profit, that too in just two financial years.
–IANS
src/arm
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
