Ludhiana milk plant loses Rs 1.3 cr due to poor handling

Thursday, 03/07/2014

http://www.tribuneindia.com/2014/20140703/punjab.htm#3

Chandigarh : Ludhiana District Co-operative Milk Producers Union Limited is at the centre of a controversy over the alleged loss of more than Rs 1.3 crore due to improper handling of the produce and illegal purchases made from a society of Rajasthan-based milk producers.

An audit of cooperative societies revealed that the union suffered a loss of over Rs 1.3 crore in the financial year 2012-13 due to improper handling that resulted in over-stocking and alleged sale at lower prices. It also pointed out that the Ludhiana cooperative was not supposed to buy milk from Rajasthan-based Sri Ganesh Society. It has held the top management responsible for the lapses and recommended action against them.

General manager of the Ludhiana cooperative Shiv Ram Saini has, however, refuted the charges and claimed the audit report is wrong. The report will come up for discussion in the meeting of the board of directors of the union on July 4. Saini said he had asked the Audit Department to recheck the facts.

One of the 12 board members, Tejinder Singh Jassar, who is also the secretary of the Ludhiana Youth Congress Committee, has claimed that the management of the cooperative was being protected by Akali leaders. He said he had been trying his best to expose the wrongdoings, but being the only director having allegiance to the Congress, he was isolated on the issue.

The board of directors is elected by milk producers of 50-70 villages in a given district. Tejinder claimed the loss was eventually of the milk producers who could have benefited from the profits.

The audit report said the contract with the Rajasthan-based society was for supply of milk to the Mohali plant. However, due to non-requirement, the supply was diverted to the Luhiana plant for 15 days. The report said the Ludhiana plant continued receiving supplies for one year in contravention of the rules.

It claimed the Ludhiana plant made skimmed milk powder from the milk procured from the Rajasthan society. However, it overstocked the powder and later sold it for Rs 11.23 crore. The produce could have fetched 12.53 crore had it being sold off in the market at the right time.

What the audit report says

There was a contract with Rajasthan-based Sri Ganesh Society for supply of milk to the Mohali plant

The supply was diverted to the Ludhiana plant for 15 days

However, the Ludhiana plant continued receive supplies for one year

The skimmed milk powder made from the milk procured from the Rajasthan society was then overstocked and this led to losses

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