Vadra pocketed large premium on colony license: Khemka

August 10, 2013

Vadra_pocketedChandigarh, Aug 10: Robert Vadra's land deals in a village in Haryana have returned to haunt the Congress party and its chief with whistleblower IAS officer Ashok Khemka alleging that Vadra "falsified documents" for 3.53 acres of land in Gurgaon and "pocketed" large premium on a commercial colony license.

In his "voluminous reply" submitted to Haryana government's three-member enquiry committee set up in October last to look into Vadra-DLF deal, Khemka is understood to have alleged that Vadra, who is Congress President Sonia Gandhi's son-in-law, executed a series of "sham transactions" for 3.53 acres of land in Shikohpur village of Gurgaon.

Vadra "pocketed" a huge premium on a commercial license through money that he could account for, Khemka alleged.

The IAS officer alleged that the Haryana's Department of Town and Country Planning (DTCP) "ignored rules and regulations to allow crony capitalists operating as middlemen to flourish and appropriate market premium of a license."

"The DTCP aided Vadra in making these sham transactions," he alleged.

Khemka, who submitted his reply on May 21, says that both the sale deed of February 12, 2008 through which Vadra's company 'Skylight Hospitality' bought land from 'Onkareshwar Properties' and Letter of Intent for granting a commercial license to his company issued by DTCP in March 2008 are "sham transactions" made to enable Vadra to collect market premium.

"If there was no payment as alleged in the registered deed, can it it be said that the registered deed conferred ownership title over the said land upon Skylight Hospitality by virtue of the sham sale," he questions.

Khemka, who had cancelled a land mutuation deal between Vadra and DLF last October, claims that "there was no promise to pay in the future in the registered deed."

No price was paid as claimed in the registered deed. The sale registered in the said deed cannot, therefore, be called a "sale" in true sense of the term, legal or moral and it cannot be said that Skylight

Hospitality became owner of the land in question by virtue of sale registered in the deed, Khemka is understood to have said in his report running into some 100 pages.

While Khemka's reply has gone public, the officer, on being approached by PTI here said, "I will not speak to the media on this issue."

Haryana Chief Secretary P K Chaudhary said, "We are examining the reply (by Khemka)".

The Haryana government's committee had earlier this year concluded that the orders passed by Khemka initiating an enquiry into Vadra's land deals were "without jurisdiction, inappropriate and not covered under any provisions of any statute or rules."

Besides, the committee also held that the order by Khemka cancelling the land mutation was improper.

Demanding a white paper on the transfer of all such licenses permitted in the past to expose the "loot of public wealth," Khemka writes that the DTCP had issued various types of colony licences for a total of 21,3666 acres in the last eight years of the Bhupinder Singh Hooda government's tenure between 2005 to 2012.

He points that if the market premium for a colony licence is assumed to be as low as Rs one crore per acre, the land licensing scam in the past eight years is worth around Rs 20,000 crore.

"At the premium of Rs 15.78 crore per acre that Vadra earned, this figure would jump to Rs 3.5 lakh crore," he claims.

He alleged in the letter the DTCP permitted Skylight to transfer the license to DLF in April 2012 and the licensed land was finally sold to DLF on September 18, 2012.

"By allowing the transfer of license issued in the name of Skylight to DLF, the DTCP created a black market for trading in licenses where cronies are issued licenses which are later sold or transferred with permission of the authority for a fat consideration to the real developers," he writes.

On August 5, 2008 Skylight Hospitality entered into an unregistered collaboration agreement with DLF Universal.

Khemka observes that this led to loss of crores of revenue to the state exchequer due to a collaboration agreement of this kind has to be registered.

The opposition Indian National Lok Dal (INLD) has demanded a probe into the reply by Khemka by a sitting judge of the High Court.

INLD leader Abhay Chautala, who is also MLA from Ellenabad, said his party had thrice raised this issue in the Vidhan Sabha, but the Speaker always tried to suppress it.

"All such transactions are done by the Hooda government to appease Sonia," he alleged

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News Network
February 9,2020

Panaji, Feb 9: Archbishop of Goa and Daman, Rev Filipe Neri Ferrao, has urged the central government to "immediately and unconditionally revoke the Citizenship Amendment Act" and stop quashing the "right to dissent".

He also appealed to the government not to implement the proposed countrywide National Register of Citizens (NRC) and the National Population Register (NPR).

Diocesan Centre for Social Communications Media, a wing of the Goa Church, in a statement on Saturday said, "The Archbishop and the Catholic community of Goa would like to appeal to the government to listen to the voice of millions in India, to stop quashing the right to dissent and, above all, to immediately and unconditionally revoke the CAA and desist from implementing the NRC and the NPR."

The CAA, NRC and NPR are "divisive and discriminatory" and will certainly have a "negative and damaging effect" on a multi-cultural democracy like ours, the church said.

There is serious concern that NRC and NPR will result in "direct victimisation of the underprivileged classes, particularly Dalits, adivasis, migrant labourers, nomadic communities and the countless undocumented people who, after having been recognised as worthy citizens and voters for more than 70 years, will suddenly run the risk of becoming stateless and candidates for detention camps," it said.

There has been widespread discontent and open protests throughout the country and even abroad against the CAA, NRC and NPR, which are "forecasting a systematic erosion of values, principles and rights" that have been guaranteed to all citizens in the Constitution, the release said.

Eminent citizens, including top intellectuals and legal luminaries, have taken a studied and unequivocal stand against the CAA, NRC and NPR, it noted.

Goa also witnessed several protests, which transcended the confines of religious and caste affiliation and brought people from all walks of life together on one united platform, said the statement.

It said Christians in India have always been a peace-loving community and deeply committed to the ideals of justice, liberty, equality and fraternity, enshrined in the Constitution.

"We have always taken great pride that our beloved country is a secular, sovereign, socialist, pluralistic and democratic republic," the church said.

The very fact that CAA uses religion goes against the secular fabric of the country, it said. "It goes against the spirit and heritage of our land which, since times immemorial, has been a welcoming home to

all, founded on the belief that the whole world is one big family," the church said.

"We pray for our beloved country, that good sense, justice and peace prevail in the hearts and minds of all," it added.

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News Network
January 18,2020

Mumbai, Jan 18: Maharashtra Tourism Minister Aaditya Thackeray on Friday said shops, restaurants, malls and pubs will remain open 24 hours on an experimental basis in a few areas of Mumbai from January 26.

The areas where these establishments will remain open all night are Fort and Kala Ghoda in south Mumbai and Bandra Kurla Complex in the west.

Thackeray had batted for all-night-open eateries and other establishments in the city during the earlier BJP-Shiv Sena regime too.

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Agencies
June 2,2020

Singapore, Jun 2: Moody's Investors Service on Tuesday downgraded 11 Indian banks along with as many non-financial companies and infrastructure majors besides four government-related issuers following a downgrade of the Indian government's issuer rating to Baa3 from Baa2 with a negative outlook.

The rapid and widening spread of the coronavirus outbreak, deteriorating global economic outlook, volatile oil prices and asset price declines are creating a severe and extensive credit shock across many sectors, regions and markets, said Moody's.

The Indian banking sector has been affected given the disruptions to India's economic activity from the coronavirus outbreak, which is weakening borrowers' credit profiles, it added.

The 11 lenders include Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Export-Import Bank of India, HDFC Bank, Indian Overseas Bank, IndusInd Bank, Punjab National Bank, State Bank of India and Union Bank of India.

The 11 non-finance companies are Oil and Natural Gas Corporation, Hindustan Petroleum Corporation, Oil India, Indian Oil Corporation, Bharat Petroleum Corporation, Petronet LNG, Tata Consultancy Services, Infosys, Reliance Industries, UPL Corporation and Genpact.

The 11 infrastructure companies are NTPC, NHPC, National Highways Authority of India, Power Grid Corporation, Gail India, Adani Green Energy Restricted Group (RG-2), Adani Transmission Restricted Group, Adani Ports and Special Economic Zone, Adani Transmission, Adani Electricity Mumbai and Azure Power Solar Energy.

The four Indian government-related issuers are Indian Railway Finance Corporation, Housing and Urban Development Corporation, Power Finance Corporation and REC Ltd.

"Government-related issuers in India have been affected because of disruptions to India's economy which will weaken borrowers' credit profiles," said Moody's.

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