Vadra involved in corrupt property deal Kejriwal

By: admin
Updated: 05 Oct 2012 06:16 AM


New
Delhi:
Arvind Kejriwal on Friday alleged that DLF has extended
interest free loan of Rs 65 crore to Priyanka Gandhi's husband Robert
Vadra. He also alleged that in turn, Robert Vadra bought DLF properties.




The three prime properties in question include 7 flats in Magnolia
apartments in DLF Gurgaon, a 10,000 sq feet apartment in DLF Aralias and a
stake of 50 per cent share in DLF owned hotel in Saket (DLF Hilton Garden
Inn). Watch: Vadra
and DLF accused of illicit links by Kejriwal
| Vadra's
wealth grew from Rs 50 lakh to over Rs 300 crore in three years, alleges
Kejriwal
| Congress
denies charges against Robert Vadra
| This
scam will be known as Robert Vadra scam: Shanti Bhushan
| Vadra
has gone on a property buying binge, alleges Prashant Bhushan
| All
allegations against Robert Vadra are baseless: Manish Tewari
| Kejriwal's
allegations against Robert Vadra are true: Subramanian Swamy
| Robert
Vadra is just like a national son-in-law: Ramdev






According to Arvind Kejriwal and Prashant Bhushan, Robert Vadra in the
last 4 years has gone on a property buying binge and has purchased at
least 31 properties mostly in and around New Delhi, which even at the time
of their purchase were worth several hundred crores.




According
to India Against Corruption all these properties were given to Robert
Vadra at price much lower than the existing market price at that time.




Robert Vadra's wealth grew from Rs 50 lakh to over Rs 300 crore:
Bhushan

Kejriwal and Prashant Bhushan alleged that an analysis of
the balance sheets and audit reports of 5 companies set up by Vadra (and
owned exclusively by him and his mother) on or after 1/11/2007 show that
the total share capital of these companies was just Rs 50 lakhs and these
companies together had no income from any legitimate business activity
(except by way of interest derived from interest free loans obtained from
DLF). Yet during 2007-2010 they have acquired properties which were worth
well over Rs 300 crores even at their time of acquisition and are worth
more than Rs 500 crore as of today.




Robert Vadra, DLF
involved in corrupt deals: Kejriwal

"The ostensible seed money
for this acquisition is shown to have come from unsecured interest free
loans from DLF Ltd (over 65 crore). The bulk of the properties are also
purchased from DLF at a price which is shown far below the market price.
Thus 7 flats in Magnolia apartments in DLF Gurgaon are purchased for a
total of Rs 5.2 crores by Vadra's companies when the market price of each
flat at the time of acquisition was well over 5 crore and today its price
is between 10 to 15 crore rupees per flat. Similarly a 10,000 sq feet
apartment in DLF Aralias (Gurgaon) is shown to be purchased for Rs 89
lakhs when its market price at the time of purchase in 2010 was 20 crore
rupees and today is more than 30 crore rupees. Not just that, a stake of
50% share in DLF owned hotel in Saket (DLF Hilton Garden Inn) is shown to
be purchased for Rs 32 crore when the market value was well over Rs 150
crore," alleged Prashant Bhushan.




"We question DLF's intention to help Robert Vadra. Why should DLF sell its
prime properties to Vadra at such cheap prices," asked Prashant Bhushan.




A year ago, a print media
report also claimed the same thing about Robert Vadra.




Congress defends Robert Vadra, attacks Kejriwal
"The story had
come out in the Economic Times earlier. This is an old strategy of
Kejriwal... Vadra had explained the position at the time... He pays his
income tax and has a right to live as he wants. It is unfair to drag the
Congress into it," said Congress MP Sandeep Dikshit.




"Why should anyone have to answer to anyone about any property they have
unless there is anything illegal about it," said Dikshit, terming the
allegations "wild and completely unfair".




Congress spokesperson Manish Tewari said that these are "baseless,
misconceived and utterly irresponsible" allegations.




Tewari said, "It is the worst kind of political chicanery. Those very
forces that were responsible for attempts to malign Congress leadership in
the 70s and 80s have now resurfaced in a new avatar."




"Coming ahead of Gujarat and Himachal Pradesh elections, it shows that the
so-called civil society groups are morphing themselves as a political
party but it is nothing more than a B-Team of the BJP," he told reporters.




BJP attacks Congress governments over Kejriwal's charges
On its
part, BJP spokesperson Ravishankar Prasad accused the Congress governments
in the National Capital Region of giving away huge chunk of land to DLF as
a quid pro quo for benefits given to the son-in-law of Congress president.




He sought answers to questions as to why DLF should "dole out" flats and
land to Vadra. "If DLF was doing charity to Mr Vadra, then does it do
similar charity to others?" he said.




We have not facvoured anyone: Hooda
Haryana chief minister
Bhupinder Singh Hooda said, "We have not favoured anyone. We have given
the land through through internatinal bidding to the highest bidder in a
transparent manner."




DLF statement on Kejriwal's allegations
A DLF spokesperson said
the business relationship with Vadra is "completely transparent" and was
conducted to "highest standards of ethics".





Watch: Vadra
and DLF accused of illicit links by Kejriwal
| Vadra's
wealth grew from Rs 50 lakh to over Rs 300 crore in three years, alleges
Kejriwal
| Congress
denies charges against Robert Vadra
| This
scam will be known as Robert Vadra scam: Shanti Bhushan
| Vadra
has gone on a property buying binge, alleges Prashant Bhushan
| All
allegations against Robert Vadra are baseless: Manish Tewari
| Kejriwal's
allegations against Robert Vadra are true: Subramanian Swamy
| Robert
Vadra is just like a national son-in-law: Ramdev





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