India Plagued by Financial Irregularities

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Scams\\ India witnessed a slew of protests against high-profile politicians and personalities in October 2012. Robert Vadra, the son-in-law of Congress Party president Sonia Gandhi, came under the scanner. It was alleged that Vadra had bought as many as 41 premium apartments from DLF, and subsequently sold most of them at a profit. Apartments were acquired by companies promoted by him, including Sky Light Hospitality, which had dealings with DLF, by paying a minimum booking amount, with the exception of a luxury pad in the picturesque Aralias, for which he paid the entire sum of `11.9 crore upfront. Vadra used a part of the `58-crore advance paid by DLF (for purchasing a 3.5 acre plot from him in Gurgaon) for booking these flats. Also, Uttar Pradesh (UP) Police’s Economic Offences Wing (EOW) started collecting documents in connection with its probe into alleged financial irregularities in a trust run by Union minister Salman Khurshid. The UP government had directed the EOW to probe into charges of misappropriation of funds by Zakir Hussain Trust run by Khurshid, and wife, Louise. India Against Corruption activist Arvind Kejriwal also offered to present evidence against law minister Salman Khurshid.

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