IBNLive.com: Breaking news from India

 

CORPORATES FUNDING MAOISTS?

Font Size A+A-

Naxal leader claims corporates funding rebels

TimePublished on Mon, Nov 02, 2009 at 22:13 in India section

BIG MONEY: Many companies regularly pay a levy to the Naxals in both Bihar and Jharkhand.

BIG MONEY: Many companies regularly pay a levy to the Naxals in both Bihar and Jharkhand.


Ads by Google

ibnlive.com is on mobile now. Read news, watch videos
be a Citizen Journalist. Log on to m.ibnlive.com NOW!

Photogallery

Find us on Facebook | Join IBNLive community

Stay ahead with G-Talk Buddy | Click now!

Ads by Google
  
Print
Email

New Delhi: Naxals have been reportedly receiving funds from some of the top corporate houses some of which are even listed on the stock exchange.

An arrested Naxal leader in Bihar has reportedly told the authorities that the companies regularly pay the rebels. The Naxal leader, Narla Ravi Sharma, a top leader of the rebels in Bihar and Jharkhand, was arrested in October.

The companies are big players in the metals, mining, steel and manufacturing sectors. But investigators fear these revelations could just be the tip of the iceberg.

Sharma has alleged that many big companies regularly pay a levy to the Naxals in both Bihar and Jharkhand.

The companies named by the Naxal leader have huge interests in mining, steel and manufacturing and are prominent on India's stock markets.

"They (Naxals) forcibly collect levy by force and use of arms. The corporate pay them and they (Naxals) run their organisation with this money," former IPS officer KPS Gill says.

Back in the 1980s and 1990s, in Assam, big tea and oil companies were accused of regularly giving funds to the separatist United Liberation Front of Assam and the National Democratic Front of Bodoland.

Analysts say that corporate groups usually pay up to avoid disruption in their business or abductions of their employees.

ULFA rebels and some others had been treated and provided medical cover by certain corporate houses. The corporate houses said 'look we do it because of humanitarian measure'," says Gill.

In his confession, Sharma reportedly claims that the Naxals spend nearly Rs 80 lakh every year to run the organisation in Bihar and Jharkhand.

He reportedly admitted that during the Nandigram agitation in West Bengal, the Naxals had backed Mamata Banerjee's Trinamool Congress.

Ads by Google
Related Ads:

Copyright © IBNLive.com. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of IBNLive.com is prohibited.

Read more comment »

About Us | Disclaimer | Careers @ IBN | RSS | Podcast | Contact Us | Feedback | Advertise With Us | Connect.in.com

© 2010 IBNLive.com India. All Rights Reserved. A Web18 Venture

CNN name, logo and all associated elements ® and © 2009 Cable News Network LP, LLLP. A Time Warner Company. All rights reserved. CNN and the CNN logo are registered marks of Cable News Network, LP LLLP, displayed with permission. Use of the CNN name and/or logo on or as part of CNN-IBN does not derogate from the intellectual property rights of Cable News Network in respect of them.