After a quick trip to India, Gov. Steve Beshear said Wednesday he has signed a deal with a New Delhi company that will build a $150 million factory in Elizabethtown that could employ up to 250 people within three years.
Beshear said Uflex Ltd., which manufactures flexible packaging materials, will receive state tax incentives, which the Kentucky Economic Development Finance Authority tentatively approved Wednesday morning.
Now this gives me a little heartburn, because I think politicians, particularly a sitting Governor should know who they are getting in bed with.
The Chairman of the Board for Uflex Ltd. Ashok Chaturvedi, is the guy on the left.
Well I’m not comfortable because Chaturvedi just got 4 years in the slammer for a land deal. Sounds like the kind of guy I’d trust with $20 million in tax breaks.
From The Times of India:
GHAZIABAD: For the first time in India, a state chief secretary has been convicted and jailed. A CBI special court on Tuesday held ex-UP chief secretary Neera Yadav guilty of a land scam in Noida and sentenced her to four years of rigorous imprisonment.
The main beneficiary of the scam, Ashok Chaturvedi of the Rs 1,700-crore Uflex Group, has also been similarly jailed for four years. Yadav had reduced land rates and eased the eligibility criterion to benefit Chaturvedi to the tune of Rs 1.12 crore.
How hard can it be for Steve Beshear to do a little research, here is a page on Chaturvedi on Wikipedia?