Robert Vadra got Rs 300-cr properties for ‘benefits’ to DLF:Arvind Kejriwal - YSR - YS Jagan - YSR Congress fans
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Robert Vadra got Rs 300-cr properties for ‘benefits’ to DLF:Arvind Kejriwal

Written By news on Friday, October 5, 2012 | 10/05/2012


Robert Vadra, the son-in-law of Congress president Sonia Gandhi, has been given property worth Rs 300 crore by DLF in a series of “suspicious” transactions, India Against Corruption (IAC) alleged here on Friday. The transactions made on behalf of five companies owned by Vadra and his mother were quid pro quo for benefits granted to DLF by three Congress-ruled states of Rajasthan, Haryana and Delhi, it said.
A statement issued jointly by Arvind Kejriwal and Prashant Bhushan also alleged that Priyanka Gandhi had been a director in some of these companies but resigned in 2007, and that in 2012, Vadra registered six new companies. They demanded a probe against Vadra under the Prevention of Corruption Act.
“An analysis of the balance sheets and audit reports of five companies set up by him (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 lakh 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 crore even at the time of their acquisition and are worth more than Rs 500 crore as of today. The ostensible seed money for this acquisition is shown to have come from unsecured interest-free loan from DLF Ltd (over Rs 65 crore),” read the statement.
The five companies whose balance sheets, submitted to the office of the Registrar of Companies, have been cited are Real Earth Estates Pvt Ltd, Sky Light Hospitality Pvt Ltd, Sky Light Realty Pvt Ltd, North India IT Parks Pvt Ltd and Blue Breeze Trading Pvt Ltd. Kejriwal said the balance sheets had been procured from the website of the Registrar of Companies and independently vetted by a reputed chartered accountant.

The properties whose acquisitions have been questioned by Kejriwal and Bhushan include a 50 per cent share in Hilton Garden Inn Hotel in Saket (declared worth Rs 31.7 crore, against alleged market value of Rs 150 crore); a 10,000 sq ft penthouse in DLF Aralias Gurgaon (declared worth Rs 89 lakh, alleged market value Rs 25 crore); and seven flats in DLF Magnolia Apartments in Gurgaon (bought for Rs 5.2 crore but said to be worth Rs 35-70 crore at the time of purchase).
“There are three possible explanations for these transactions — DLF was repaying Vadra for services rendered in some way, or that the rest of the money in these transactions was black money belonging either to Vadra or to somebody else. Was it the Congress party?” Kejriwal asked.
When pointed out that he also faces charges of procuring property at discretionary rates from the Uttar Pradesh government, Bhushan smiled and said: “Probe us. We do not have a problem. Similarly probe allegations that we are making too. We are not asking you to take us at face value.”
However, Shanti Bhushan said that the documents left no requirement for an investigation and “there should be action straightaway”.

source: http://www.indianexpress.com/news/arvind-kejriwal-says-robert-vadra-got-rs-300cr-properties-for--benefits--to-dlf/1012570/
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