How business partners of Guj CM Anandiben’s daughter landed a good deal

February 5, 2016

New Delhi, Feb 5: Business associates of Anar Jayesh Patel, 45, daughter of Gujarat Chief Minister Anandiben Patel, own a company that's sitting on 400 acres of land near the Gir lion sanctuary in the state —and 250 acres of that land was given to that company at an official rate of Rs 15 per square metre.

anandibenAnar Patel describes herself as a social worker and an entrepreneur. Filings with the Registrar of Companies (RoC), accessed by ET, show a number of transactions between her and her business partners that started when the Gujarat government allotted 250 acres of public land in 2010-11 to Wildwoods Resorts and Realties.

Wildwoods' current promoters, Dakshesh Shah and Amol Shripal Sheth, are business partners of Anar Patel. ET sent questions to all involved, the CM, her daughter, Anar's business partners and Gujarat revenue secretary. There was no response from the Gujarat government.

Anar Patel, Shah and Sheth responded to ET and insisted all transactions were above board. ET also spoke to Sanjay Dhanak, the original promoter of Wildwoods. The land is in Gujarat's Amreli district, next to the lion sanctuary at Gir, and therefore an attractive commercial proposition.

Wildwoods also received government nod to purchase a further 172 acres of agricultural land, as well as approval to change land use from agricultural to non-agricultural.


Anandiben Patel was the Gujarat revenue minister at that time. The revenue department is the nodal authority for such land allotments.

Anandiben retains the revenue portfolio as chief minister. Her office did not respond to ET's questions. Her office and that of the state revenue secretary did not respond to the question whether allotting such large land parcels to for-profit private enterprises was common official policy, especially when beneficiaries did not have a track record of setting up largescale facilities.

The original promoter of Wildwoods said plans to build a tourist resort on that land didn't work out. Current promoters insisted there were no proscriptions against building resorts in the area and that all regulatory clearances were obtained. No resort has been built so far.

WILDWOODS 1.0 & WILDWOODS 2.0

Wildwoods is owned by Parshva Texchem and Anil Infraplus Ltd. When the land allotment orders were issued in 2010, Wildwoods was owned by Dubai-based businessman Sanjay Dhanak. Shah and Sheth took control of the company in 2011-12.

Dhanak told ET that Wildwoods had applied for the land and had planned to build a tourist resort. Parshva and Anil Infraplus are co-investors in firms where Anar Patel has a substantial stake. ET's review of documents filed with the Registrar of Companies shows a host of transactions between companies that received the government's land allotment as well as other companies run by Shah and Sheth and companies where Anar Patel has significant equity presence.

Dhanak told ET he could not remember how much was paid for the 422 acres of land. Dakshesh Shah, too, did not elaborate on the issue. He also told ET he was not aware how much Wildwoods had paid for the 422 acres since he bought into the firm in 2011 and was "not aware of previous transactions".

Dhanak, however, told ET that Shah was his partner at the time of allotment and that "he has all the books that detail all the transactions including how much was paid to change land use".


Dhanak told ET that after the allotment he changed his mind about setting up a tourist resort and wanted to cash out. "Jama nahi(My plans did not work out). Shah did not want me to sell my stake in the market and insisted I transfer it to him," he said. Dhanak said he has never been in the business of setting up resorts and only has a jewellery business in Dubai.

In an emailed response to ET, Dakshesh Shah said Wildwoods promoters weren't aware of any official advisory against building resorts in that area. He also said: "The original promoter had acquired all permissions from the respective regulatory bodies relating to land development. After acquisition of stake, no further permissions/relaxations have been given."

Shah also said he was not aware how much Wildwoods had originally paid the government for the land or the amount spent as land conversion charges. A spokesperson for Amol Sheth also did not disclose the amount Wildwoods paid. Neither did he disclose how much current promoters paid to the original promoter of Wildwoods.

MANY TRANSACTIONS

Dakshesh Shah is Anar Patel's business partner with a 50% stake in Patel's company, Anar Project. Besides, Shah's firm Parshva Texchem, which co-owns Wildwoods, is also a substantial shareholder in Anar Patel's Relish Pharmaceuticals. Shah and Anar Patel are also directors in Anar Project, Relish Pharma and 24x7 Fitness.


"Mr Dakshesh R Shah is one of my business partners. Mr Shah and me are joint promoters in Relish Pharma and he has invested in Relish Pharma from Parshva Texchem & Ms Renuka is investor in Relish Pharma," Anar Patel said in an email response to ET.

Shah told ET that Anar Patel is his business partner. He did not elaborate on the details of their dealings. "I am a businessman and I do invest in prospective projects when I find the opportunity," he said. Shah also said Wildwoods has had no financial dealings with any firm associated with Anar Patel. However, RoC filings tell a different story:

1. Anar Project filings show a "payable" of Rs 10 lakh to Wildwoods.

2. Innovative Infraplus, majority owned by Shah, advanced a Rs 2.95-crore loan to Anar Project and Rs 20 lakh to Anar Patel herself.

3. Innovative Infraplus, where Anar Project has a substantial stake, received an "advance" of Rs 8.73 crore from Amol Sheth's Anil Ltd as well as Rs 11.015 crore from Anil Mega Food Park.

4. Innovative also lists Anil Infraplus and Anil Technoplus among its creditors to whom it owes Rs 2.6 crore and Rs 15 crore, respectively.

5. Anar Project had advanced Rs 9 crore to Anil Technoplus. Sheth says the money was an "advance" against "material supplied subsequently".


6. Innovative has also loaned money to 24x7 Fitness and Aahna Solar, firms in which Anar Patel is a substantial investor.

7. Proper Dealcom, in which Shah's firm Parshva has a stake, had loaned Rs 9 crore to Relish Pharma in 2011-12.

8.Parshva Texchem also loaned Rs 2.30 lakh to Gramshree-Women Empowerment, a Section 25 company promoted by Gujarat CM Anandiben Patel and Anar Patel.

9. Innovative has also given a Rs 15-lakh advance to Gramshree, which it lists as a creditor. Amol Sheth did not comment on his business dealings with Anar Patel.

According to filings made with RoC, Sheth and Anar were directors briefly in Aahna Solar. The shareholding pattern of Aahna shows Patel, Shah and Anil Infraplus, which co-owns Wildwoods, are equal partners. In its filings, Aahna Solar states its only business is solar power generation. However, its balance sheets show that its revenues are from a restaurant and food business.

Comments

THINKERS
 - 
Saturday, 6 Feb 2016

Indian land for sale - less than HALF PRICE only....
Eligible candidate :
1. Should be close associates of PM.
2. Cheddi VIP membership only
3. Cheddi lower caste members not eligible.
Good deal to destroy the POOR of the country.... & follow the deceptive ways of life taught by their evil zionist.

TR
 - 
Saturday, 6 Feb 2016

True colors are showing. Mr. PM it is Happned right under your CM period, one by one will come out.

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News Network
April 14,2020

Thiruvananthapuram, Apr 14: Only three fresh COVID-19 cases were reported in Kerala on April 13, while 19 confirmed patients, who were undergoing treatment, tested negative for the infection, according to the COVID-19 Outbreak Control and Prevention State Cell, Health and Family Welfare Department, Kerala government.

As of Monday evening, there are just 178 positive COVID-19 cases in the State.

Twelve patients from Kasargod district, three each from Pathanamthitta and Thrissur districts, and one from Kannur district are among those who have recovered from COVID-19 and tested negative.

To date, there have been a total of 378 confirmed cases of coronavirus in Kerala.
Meanwhile, Kerala Chief Minister Pinarayi Vijayan has demanded that State Relief Funds be made eligible for Corporate Social Responsibility (CSR) funding by making changes to the Companies Act.

Addressing the media, the Chief Minister said, "The Government of Kerala is of the opinion that contributions to the Chief Minister's Disaster Relief Funds should be included as an eligible expenditure under CSR. In a federal setup, the Relief Funds set up by the States for a public purpose cannot be excluded from the eligibility criteria when the same is available for a Central Fund set up with similar objectives and aims."

The Kerala CM said that he has written to the Prime Minister in this regard urging him to make the necessary changes.

Vijayan once again reiterated the demand of the State government to bring back stranded Keralites from overseas and added that, "We will extend all possible help and support to the Pravasi Malayalees when they come back also including rehabilitation of those who would lose their jobs in the backdrop of the pandemic outbreak."

He added that a decision on extending the lockdown in the State will be taken after taking into account the decision of the Central government in the address by the Prime Minister scheduled for April 14.

Comments

AJS
 - 
Tuesday, 14 Apr 2020

HATS-OFF TO BOLD CHIEF MINISTER OF KERALA MR. VIJAYAN... BAHUBALI

THE ONLY CHIEF MINISTER TO APPROACH GCC FOR HIS PEOPLE.... A ROLL MODEL FOR OTHER STATES AND CENTER

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News Network
March 2,2020

New Delhi, Mar 2: As communal violence spiked in north-east Delhi earlier this week, Hindu, Muslim and Sikh residents of a colony came together and stood guard against frenzied mobs which ran riot in nearby areas vandalising homes, shops and torching cars.

They have not let their guard down even as the situation is limping back to normalcy following four days of violence that has claimed at least 42 lives and left over 200 injured.

The B-Block colony in Yamuna Vihar has a Hindu-dominated Bahjanpura on one side and Muslim populated Ghonda on the other.

People from all faiths in the locality sit outside their homes at night and deal with any suspected outsider, Arib, a dentist in his 30s, said.

"It is the sloganeering by mobs that causes panic in the dead of night. Such slogans are from both sides and we hear groups of people moving forward towards our area.

"This is where we let the Muslim locals deal with Muslim groups and Hindu residents deal with Hindu groups coming from outside," he said.

Businessmen, doctors and people working at government offices stuck together as violence reached its crest on Monday and Tuesday, and have been guarding the locality round the clock.

Earlier, the locals had claimed inadequate police deployment in the area, but were satisfied as patrolling by security personnel increased in the last two days.

Charanjeet Singh, a Sikh who owns a transport firm, said residents have ensured that not too many people gather to guard the colony at night. It has been decided not use sticks or rods, an idea which seems to have worked in maintaining peace, he said.

"I was 10 years old when we came to this locality from Uttar Pradesh's Meerut in 1982. There were riots in 1984 and tension in 2002, but even then our area remained peaceful. We have always been united and that is the way we have helped each other," Singh, who is now in his 50s, told PTI.

Faisal, a businessman in his 30s, said after two days of major violence, there was palpable tension in the area. "Nobody could sleep in the neighbourhood even on Wednesday and Thursday when the situation was brought under control," he said.

Faisal said around 4 am on Wednesday, three to four miscreants had torched a car, but were chased away by vigilant residents. They raised an alarm and others gathered, saving other vehicles parked nearby from being damaged, he added.

On the idea of not keeping sticks while guarding B-Block, Singh said, "Violence begets violence, crowd begets crowd. We thought if somebody would see sticks or rods in our hands from a distance and large crowds standing guard, it is likely they would want to come prepared. This could fuel violence."

"Now, if there is some young man returning late in the night, we identify if he belongs to our area. If not, we normally inform him about the situation and guide him to his destination, if required," he added.

Seventy-year-old V K Sharma said people in his colony never had any trouble with each other, as he blamed "outside elements" for the violence in north-east Delhi.

"Some people have some problem with symbols. If they find a particular religion's symbol on a shop, home or a car, they vandalise it.

"This is on both sides, Hindus as well as Muslims. But not all people in all religion are like that. There are good people who outnumber these handful people involved in violence," he said.

The violence happened for two days but it would take months for fear to subside, Sharma said, as he took out his two granddaughters, aged nine and two, out for ice cream.

"I cannot reduce the tension outside my home, but at least I can make these kids feel good by reducing their craving for ice cream,” he added.

Colony resident Shiv Kumar, a property consultant, and Wasim, a government official, said they too were members of this voluntary guards' team of the colony which stays up at night to fend off miscreants.

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News Network
June 27,2020

New Delhi, Jun 27: Fuel prices were hiked by the oil marketing companies for the 21st day in a row on Saturday. Petrol and diesel will now cost Rs 80.38/litre and Rs 80.40/litre respectively in the national capital.

The price of petrol is increased by Rs 0.25 per litre while that of diesel by Rs 0.21 per litre.
Rates differ from state to state depending on the incidence of value-added tax (VAT).

Notably, oil marketing companies have been adjusting retail rates in line with costs after an 82-day break from rate revision amidst the COVID-19 pandemic. These firms on June 7 restarted revising prices in line with costs.

The Congress party had called the increase in the price of petrol and diesel 'unjust', 'thoughtless' and demanded from the Central government to roll back increase with immediate effect and pass on the benefit of low oil prices directly to the citizens of this country.
In an official statement, the Congress Working Committee (CWC) had said that no government should levy and impose such unacceptable strain on its people.

Before the nation entered the lockdown, the average price of petrol and diesel in Delhi was Rs 69.60 per litre and Rs 62.30 per litre respectively.

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