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By:

Dr. Abhilash Dawre

19 March 2025 at 5:18:41 pm

BJP alleges billing irregularities

Ambernath: Serious allegations of financial irregularities have surfaced in Ambernath's solid waste management system, with BJP corporators accusing Samiksha Waste Management Infra Pvt. Ltd. of artificially inflating garbage collection weights to generate excess payments. The corporators have demanded an independent investigation into the alleged irregularities and sought the immediate blacklisting of the company. They have also alleged that the entire operation has continued with the...

BJP alleges billing irregularities

Ambernath: Serious allegations of financial irregularities have surfaced in Ambernath's solid waste management system, with BJP corporators accusing Samiksha Waste Management Infra Pvt. Ltd. of artificially inflating garbage collection weights to generate excess payments. The corporators have demanded an independent investigation into the alleged irregularities and sought the immediate blacklisting of the company. They have also alleged that the entire operation has continued with the knowledge of municipal officials. According to the BJP corporators, a field inspection of garbage transportation and weighing procedures revealed that garbage vehicles were allegedly loaded with drain sludge, mud and heavy soil, in addition to waste, before being weighed at a private weighbridge. They claimed this practice artificially increased the recorded weight of each vehicle, resulting in inflated monthly bills. The corporators stated that the waste collection contract has remained with Samiksha Waste Management Infra Pvt. Ltd. since 2017, with extensions granted over the years, including a fresh contract in 2023. Despite the company handling the work for nearly eight years, they alleged that nearly 210 garbage bins continue to remain across the city, raising questions over the effectiveness of the waste management system. A major concern raised by the corporators relates to the absence of a municipality-owned weighbridge. They claimed that the tender conditions require the municipal council to have its own weighing facility and that 15 lakh was sanctioned during the 2026 General Body meeting for installing the weighbridge. However, despite the approval, the municipal weighbridge has not been made operational. As a result, garbage is allegedly weighed on a private weighbridge, where approximately half a tonne of additional weight per vehicle is allegedly recorded, leading to inflated billing. Garbage Quantity The corporators further questioned the official claim that 170 metric tonnes of garbage are collected daily in Ambernath. They pointed out that neighbouring Badlapur, which has a larger population and geographical area, reportedly generates only around 100 metric tonnes of waste daily. They argued that the significantly higher figure reported for Ambernath, despite the continued presence of garbage heaps and around 210 garbage bins across the city, raises serious doubts over the accuracy of the reported data. They also alleged violations of tender conditions by claiming that vehicles other than those approved under the contract were being used for waste transportation. In addition, they accused the company of failing to provide contractual sanitation workers with timely salaries, gumboots, hand gloves, raincoats and other essential safety equipment. Questions were also raised regarding the fitness certificates and insurance documents of certain garbage transportation vehicles, with corporators alleging that the concerned authorities failed to take appropriate action. In another serious allegation, BJP corporators claimed that the alleged irregularities were continuing under the protection of Ambarnath Municipal Council Health Department Head Mahesh Tayde. They alleged that municipal officials were aware of the financial irregularities, violations in the weighing process and breaches of tender conditions but deliberately ignored them. They demanded strict administrative and legal action against those found responsible. Increased Weight ‘The Perfect Voice’ visited the private weighbridge where garbage vehicles are weighed. According to the report, an employee identified as Shivam Singh allegedly stated, "Officials from the Ambarnath Municipal Council ask us to show increased weight. Accordingly, we increase the weight and issue the receipt." The ground report also highlighted allegations that sanitation workers were not being provided with mandatory safety kits and were not receiving salaries on time. Concerns were also raised regarding the absence of valid fitness certificates for some garbage transport vehicles. While speaking to, ‘The Perfect Voice’, BJP Group leader Abhijeet Karanjule-Patil alleged that large-scale financial irregularities were taking place through the waste collection contract executed by Samiksha Waste Management Infra Pvt. Ltd. He demanded the immediate blacklisting of the company and an independent investigation into the alleged irregularities. He alleged that although a municipal weighbridge is mandatory under the tender conditions, it has not been made operational, forcing garbage to be weighed at a private weighbridge where vehicle weights are allegedly inflated by loading drain sludge, mud and soil. He also questioned the official claim of collecting 170 metric tonnes of waste daily, stating that despite these figures, nearly 210 garbage bins and garbage heaps continue to exist across the city. Karanjule-Patil further alleged collusion between municipal officials and the contractor, while also raising concerns over delayed wages, lack of safety equipment for sanitation workers, and compliance issues relating to garbage transport vehicles.

Lateral upgrade to ailing annihilation

Updated: Oct 21, 2024

Lateral upgrade to ailing annihilation

Being the first person from the private sector to be appointed as chairperson of Securities and Exchange Board of India (SEBI) as part of the government’s lateral initiative, Madhabi Puri Buch also holds the honour of being the first woman to hold the top post as capital market regulator.

But the laurels that the former private sector banker enjoyed in her earlier stint with ICICI Bank, was marred with allegations that she and her husband were having a stake in offshore entities, which were used to artificially inflate shares of Adani group companies.

Terming the allegation as `character assassination, Buch clarified that all disclosures have already been furnished and the fund in question did not invest in any securities involving the Adani group.

When it rains, it pours. This allegation was subsequently followed by Congress Party allegation that Buch had received salary and post-retirement benefits from ICICI Bank after she quit the private sector bank.

In its clarification to the stock exchanges, ICICI Bank asserted that the payments made to Buch were purely retirement benefits after her exit from the bank and they were neither salary nor employee stock options.

Prior to these allegations, Buch tenure at SEBI was all about bringing in quick reforms on operational issues by changing the format of consultation paper to bring in larger responses digitally. Being data savvy, the rationale of her decisions were democratic based on big data analysis derived from the responses received to the consultation papers.

Further she bifurcated the duties of the SEBI staff between operations and enforcement, which were done by the same persons earlier. Having worked for the private sector in the capital market domain space, Buch had a better understanding of the subject compared to officers from the administrative service in the past that reflected even in her orders as a whole-time director at SEBI before becoming the chairperson. As a whole time director at SEBI, her orders on adjudication issues were more directional to the capital market space, according to experts in the compliance space. She was also quick to revamp the old provisions of the 90s at SEBI.

Being tech and data savvy, Buch enhanced regulatory surveillance and detection of market manipulation, insider trading and fraud while also emphasizing on strengthening corporate governance by introducing stricter rules for independent directors and enhancing disclosures for related-party transactions.

To put in perspective, the annual report of the capital market regulator in the just concluded financial year revealed that the number of investigations related to insider trading jumped to 175 in 2023-24 from 85 in the preceding year while probes related to front running jumped over three times to 83 from 24 in the preceding year.

Transparency in mutual funds by implementing measures to protect retail investors along with tightening norms for initial public offers, particularly in the SME platforms were some of her other positive initiatives including confirmation of denial of any market rumours within 24 hours for the top 100 listed companies which will be extended to top 250 companies from December 1. However increased transparency and compliance with tightening regulations led to increased operational costs for the market participants and hence faced resistance from certain quarters. Born in 1966, Buch completed her primary education in Mumbai and graduated with specialization in Mathematics from Delhi and later obtained a management degree from Indian Institute of Management, Ahmedabad. In between, she got engaged to Dhawal Buch, a director at a consumer goods multinational at the age of eighteen and got married at the age of 21.

Besides ICICI Bank, Buch also worked as a lecturer at a college in England, worked at Greater Pacific Capital in Singapore and ICICI Securities as its CEO. She also worked as executive director on several private sector companies and as a consultant for New Development Bank (Brics Bank).

What now remains to be seen, is whether Buch, who survived the 26/11 terror attack when she along with her husband, was attending a meeting at Taj, be able to overcome the current ordeal. Keeping fingers crossed for the times to come.

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