There is a lot of rivalry in the corporate world and the iron and steel industry is no exception to this rule. There are a number of iron and steel industries in West Bengal and Rashmi Group is the premier company in this regard.
Many rivals of Rashmi Group have left no stone unturned in tarnishing their image. Jai Balaji Group is one of the chief competitors and has tried to malign the reputation of Rashmi Group by projecting a negative image of the reputed company and dragging the CBI into the picture.
A Conspiracy Case Victimizing Rashmi Group
Jai Balaji has teamed up with other rivals of Rashmi Group and has launched a conspiracy case against the renowned company. They have even dragged the railways into this by taking their support. The South Eastern Railways have given a demand notice to Rashmi Group and have accused them of evading taxes.
These allegations are totally baseless as there is no evidence for them. Also, it is clear that this is a case of business rivalry carried out to the extreme due to the intense competition between the two groups. Considering the fact that Rashmi Group is a company with a strong character, it is evident that they will fight back and restore their unblemished reputation.
Rivals Fabricating Malpractices against Rashmi Group
Jai Balaji Group has alleged that Rashmi Group has exported goods to foreign countries without paying excise duties but this is just an envious reaction as Rashmi Group is more successful in Eastern India than them. This makes it very clear that this is just accusing a competitor with the intention of bringing down their business.
Rashmi Group has been utilizing the freight section of the railways so as to transport raw materials from the hinterland to their steel plants and have never had the intention of exporting them abroad. Hence, there isn’t an iota of truth in these statements that are totally made in bad taste. Business rivalry is one thing, but using it to frame criminal charges is downright unethical.
Rashmi Group Will Emerge Unscathed
Rashmi Group is a reputed company that will emerge victorious in this battle. This is because it has a reputation of being virtuous as well as righteous and will fight till the end to clear itself in this case. They have already taken swift action by initiating proceeding in the High Court and will go all the way up to the Supreme Court if required.
Nevertheless, it is important to note that the Court has already directed the CBI not to take further action against Rashmi Group and this clearly shows its support for the company. Keeping the above factors in mind, it is evident that Rashmi Group will emerge unscathed from this battle.