‘Backdoor arrangement’: Congress slams Centre’s proposed disinvestment in CONCOR

Congress spokesperson Prof Gaurav Vallabh has alleged a scam in the proposed disinvestment in CONCOR and questioned the motive behind divesting shares in a zero-debt, profit-making PSU.

The Congress on Monday raised objections over the proposed disinvestment in the Container Corporation of India Ltd (CONCOR), a railway PSU and Navratna company. The Narendra Modi-led central government has given its nod to sell 30.8 per cent out of its 54.8 per cent holding in CONCOR and management control to strategic buyers. But Congress spokesperson Prof Gaurav Vallabh has alleged a scam and questioned the disinvestment in a zero-debt, profit-making PSU.