City
Epaper

Sheikh Shahjahan earned Rs 100 cr in just two fiscals from prawn export business: Sources

By IANS | Updated: April 2, 2024 23:05 IST

Kolkata, April 2 Suspended Trinamool Congress leader Sheikh Shahjahan made a profit of over Rs 100 crore only ...

Open in App

Kolkata, April 2 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.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalPM Modi invites German universities to open in India, thanks Chancellor Merz for visa-free transit for Indian citizens

BusinessAfter Delhi, Uttar Pradesh emerged as key hub for national programmes: Jitin Prasada

TechnologyYouth hiring in India to grow by 11 pc by 2026, to add nearly 1.28 crore new jobs: Report

InternationalBRAS claims 174 attacks in 2025, says over 160 Pakistani security personnel killed in Balochistan

Entertainment"Beginnings keep you grounded and hungry": Aditya Dhar marks 7 years of his debut directorial 'Uri: The Surgical Strike', Vicky Kaushal reacts

National Realted Stories

NationalPolitical spat over ED raid on I-PAC points to larger operational issues in federal structure

NationalMumbai remarks twisted for political gains: TN BJP leader defends Annamalai

NationalPolavaram-Nallamalla Sagar project will not harm anyone: CM Chandrababu Naidu

NationalAnyone involved in terrorism is threat to country and should be hanged: Ajit Pawar (IANS interview)

National'Cong doesn't love Hindus': BJP hits back at Mani Shankar Aiyar's 'Hindutva' remarks