Funds flow via maze into Gadkari firms

October 25, 2012
gadkari

New Delhi, October 25: The questions over the source of funds to Nitin Gadkari's Purti Power and Sugar Ltd have deepened, with investigations revealing that money flowed in from a multi-layered maze of companies registered all over India.

A TOI report on Tuesday had mentioned some two dozen companies, many with unverifiable addresses, whose directors included Gadkari's driver and astrologer.

A closer look at the documents filed with the Registrar of Companies reveals a far more intricate web, with several entities ranged behind each company.

A preliminary assessment suggests that the total number of companies and individuals involved in funding Purti through the multi-layered operation may run into more than 100. TOI investigations show that layers of companies feeding funds into Purti, which have no known financial activity or source of income, can run six deep.

Take the case of Update Mercantile which, as per official records, held 29 lakh Purti shares on September 28, 2011. Update Mercantile in turn is controlled by 39 shareholders including both Gadkari's driver Manohar Panse and accountant Kwadu Zade.

Funding pattern shows clever financial brains

The biggest shareholder in Update Mercantile is Anantika Infrastructure Pvt Ltd, a company with its address as Motlibai Wadia Building in Mumbai. With 10,000 shares, Anantika has a 9.24% stake in Update Mercantile.

Anantika Infrastructure, in turn, was owned by 13 entities in September 2011— two individuals and 11 companies. Of these 11 companies, nine are based in Kolkata and two in Delhi. One of the Delhi companies, Fast Buildwell, is registered in a flat in west Delhi's Dwarka area.

This may be baffling by itself. However, the layer of mysterious companies does not end there, and in fact deepens from there.

All the 2,72,750 shares in Fast Buildwell are held by 17 companies. Of them, 12 are based in Kolkata, four in Delhi and one in Mumbai. One of the shareholders in Fast Buildwell is a Delhi-based company called King Buildwell which is registered in Munirka village in south Delhi. King Buildwell, in turn, is controlled by two individuals based in Kolkata.

The flow of funds, through a web of companies without any known financial activity and individuals, raises several questions. The BJP has defended its president saying Gadkari is open to any investigation, while the ministry of corporate affairs says it has already started a discreet inquiry.

The funding pattern clearly shows clever financial brains behind the entire strategy. However, it is yet to be explained why amounts as little as a few lakhs were routed into Purti through such multi-layered activity.

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Agencies
June 25,2020

New Delhi, Jun 25: The Congress on Thursday asked Prime Minister Narendra Modi why has not India gained anything from the "strange bonhomie" which it claimed he shared with China.

Seeking to turn the tables on the ruling party, Congress spokesperson Pawan Khera said the BJP also shared bonhomie with the Communist Party of China (CPC) with several party-level exchanges taking place in the past.

He sought to know whether India's borders have become safe after these exchanges in the last many years.

The Congress leader asked what has the country gained out of these exchange delegations and why are the borders insecure despite the bonds that the two ruling parties of India and China share with each other.

"There is a strange kind of bonhomie between Narendra Modi and China, a two decade old bonhomie. Why doesn't the country get the benefit of that bonhomie," he asked at a virtual press conference.

Khera said all that the Congress will continue to question is about the political will that just does not get visible when it comes to China.

"Whatever is happening on the border today, is it despite the bonhomie which you have with China, or is it because of the bonhomie which you have with China. The country needs to know," he asked.

"We do want to ask you, if as president of the party, Rajnath Singh, Nitin Gadkari and Amit Shah have been sending delegations,  strengthening the bonds between the Communist Party of China and the BJP. What has the country gained out of these bonds? Why are the borders insecure despite these bonds that you have," he also asked.

The ruling has hit out at the Congress for signing an MoU with China's Communist Party and has questioned its "bond" with the ruling party in China.

Khera also asked what role did the India Foundation, an organisation run by National Security Adviser Ajit Doval's son has in strengthening the bonds with China.

"Why does India Foundation keep visiting these countries? Who do they meet? What's the outcome? What's the role of NSA Ajit Doval's son- Shaurya Doval? He keeps attending these meetings through India Foundation? These are important questions in the light of what is happening," he asked.

Khera said the prime minister is showing "red eyes" to those who are asking him questions instead of showing them to the enemy.

"It is time to stand with the Army and show red eyes to China," he said.

The Congress leader said questions will be asked to Modi especially when there are definitive reports, satellite images of incursions in the Ladakh region of India by the Chinese.

He alleged that China laps up the comment of Modi and uses it across the world that the Indian prime minister says that China is in its own territory and Galwan is theirs.

"After a lot of pressure, PMO contradicted what the prime minister said. This kind of a goof up is unpardonable," he alleged.

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Agencies
June 12,2020

Google on Friday announced the launch of a new feature on Google Search, Assistant, and Maps for users in India to help them find information on COVID-19 testing centres near them.

The search giant has partnered with the Indian Council of Medical Research (ICMR) and MyGov to provide the information on authorised testing labs.

The feature is currently available in English and eight Indian languages including Hindi, Telugu, Tamil, Malayalam, Kannada, Bengali, Gujarati, and Marathi.

According to the company, users will now see a new "Testing" tab on the search result page providing a list of nearby testing labs along with key information and guidance needed before using their services.

On Google Maps, when users search for keywords like "COVID testing" or "coronavirus testing" they will see a list of nearby testing labs, with a link to Google Search for the government-mandated requirements.

Google said that the Search, Assistant, and Maps currently feature 700 testing labs across 300 cities and working with authorities to identify and add more testing labs located across the country.

The company reiterates that it is important to follow the recommended guidelines that help determine testing eligibility before visiting.

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News Network
July 12,2020

Hyderabad, Jul 12: Hyderabad MP and All India Majlis-e-Ittehad-ul-Muslimeen chief Asaduddin Owaisi on Saturday condemned the demolition of a mosque and a temple inside the Secretariat building. He demanded the arrest of the contractor for demolition.
"During the process of demolition of the Secretariat building in Telangana, the mosque and temple were also demolished. The contractor must be booked and should be arrested. The public should know that we condemn this," he said while speaking to news agency.
Pointing out that his party MLAs Akbaruddin Owaisi and Moazam Khan have urged the state Assembly to look into the matter, he added, "We are not against the building of a new Secretariat, but what we asked for is not to destroy these structures during the process."
He welcomed the Chief Minister's announcement regarding the rebuilding of these structures.
"We expect the mosque to be built in the exact same place where it once stood. We expect the Chief Minister to speak to the representatives and meet our expectations and emotions about the mosque," he added.

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