Saket seeks vigilance probe into Meghalayan Age issue

Shillong, Dec 18: AITC national spokesperson Saket Gokhale has sought a vigilance probe into the affairs of Meghalayan Age.

In a letter addressed to the Chief Secretary, DP Wahlang, who is also the state vigilance commission, Gokhale said that the complaint pertains to the company Meghalayan Age Ltd. established by the Govt of Meghalaya and registered with Registrar of Companies Shillong with Corporate Identification Number (CIN) U74999ML2020SGC013727 .


The Chairman and Managing Director of the company is D Vijay Kumar.
The company Meghalayan Age Ltd. was established in 2020. After its inception, the company has received a loan of USD 79.05 million (Rs 632 crores) from
the New Development Bank (NDB) for various projects. Moreover, the company has
floated several tenders for projects from its inception till date worth crores of rupees.
“However, it is most surprising and shocking that Meghalayan Age Ltd. has not made a
single financial filing with the Registrar of Companies between 2020 till date which
includes its annual reports and cash flow statements. These are mandatory financials
that every company is required to file under The Companies Act, 2013. Moreover, public
limited companies like Meghalayan Age Ltd. are also required to get the financial
reports approved by the Comptroller and Auditor General of India (CAG).
Also, owing to default in filing of mandatory financial reports, it is unclear whether and
when since the tenders are floated, awarded, and executed by Meghalayan Age Ltd as they are not available on the Meghalaya e-tenders website.

He asserted that there is zero transparency in how Meghalayan Age Ltd. is using public funds, evaluating tenders, and awarding projects worth crores of rupees.

As a public limited enterprise, the funds of the company are a part of public exchequer. However, the general public has been denied and stonewalled from any possibility of knowing how Meghalayan Age Ltd. is conducting and deploying its financials and  awarding contracts.
“This is an issue of serious vigilance ramifications and a matter of severe default by Meghalayan Age Ltd. under its Chairman and Managing Director Dr. D Vijay Kumar IAS”, the letter said.

Related Articles

Back to top button

Adblock Detected

Kindly Disable Ad Blocker