TNN | Mar 19, 2013, 04.29 AM IST
See the report in the Pioneer by J. Gopikrishnan at http://bharatkalyan97.blogspot.com/2013/03/ram-teri-ganga-moily-j-gopikrishnan.html
Kissan Sabha Trust, which Moily is the president, allegedly received significantly amounts of donation from corporate giant ITC’s CSR budget in September 2012.
NEW DELHI: Allegations have cropped up against Union petroleum minister M Veerappa Moily that his family trust received donations from a conglomerate's corporate social responsibility (CSR) fund when he was corporate affairs minister.
Moily was not available for comments despite repeated attempts by TOI.
According to reports, Kissan Sabha Trust (KST), of which Moily is the president, allegedly received significantly large amounts of donation from corporate giant ITC's CSR budget in September 2012. Moily was corporate affairs minister when the trust is said to have received the money.
Details of the donation emerged in a leaked chain of emails between Harsha Moily, the minister's son, and his business partner Sudhir K Prabhu, as well as in filings of the trust.
Harsha wrote to Prabhu, saying that Moily senior himself got the donation from ITC confirmed. "Dad just called and confirmed that ITC has approved funding the operating expenses of KST for the next five years. Therefore, for ITC to process the payments, we have to immediately furnish ITC all OpEx (operating expenses) bills for Karkala & Chikaballarpur for the academic year 2011-12. Request you to do the needful," Harsha wrote to Prabhu.
Prabhu, a director of one of the companies run by Harsha, told Moily junior that the total "capital cost for Karkala school comes to Rs 1.71 crore and for Chikkaballarpur school Rs 3.10 crore. Total capital cost comes to Rs 4.81 crore." For operating the schools, Rs 50 lakh was required for the year. "Hence, we may ask for a corpus fund of Rs 6 crore for investing to fund the day to day operations @ 8% per annum," Sudhir wrote to Harsha.
Moily's wife, daughter and son Harsha are members of the trust.
Reports have also raised questions of conflict of interest against Moily senior, in his present role as petroleum minister. Ananth Ravi, president, Reliance Industries Limited, the country's biggest private sector petrochemical giant, is listed as an advisor of MokshaYug Access (MYA), founded by Harsha. The involvement of a senior executive of Reliance with its extensive interests in petrochemicals, which is governed by Moily's ministry, was an instance of conflict of interest, reports said.
Harsha Moily, who holds an MBA from the US, is the founder of MYA, which aims to provide supply chain assistance and connectivity for rural poor to the urban economic growth of India. Backed by investors such as Vinod Khosla, MYA runs the Milk Route, a milk brand, and The Good Chain, a retail chain.
http://timesofindia.indiatimes.com/india/Moilys-trust-got-corporate-donations-say-reports/articleshow/19054057.cms