India: DLF dismisses Kejriwal allegation, says deal with Robert Vadra transparent

Sunday, October 07, 2012
New Delhi: Real estate giant DLF rejected all allegations that it given unsecured loan to Robert Vadra a Rs. 65 crore interest-free loan and sweetheart deals on a series of apartments in Gurgaon.

Mr Vadra is the son-in-law of Congress President Sonia Gandhi.

Social activist-turned politician Arvind Kejriwal and his team members on Friday accused Mr Vadra and DLF of an illicit and mutually-beneficial relationship that rested on Mr Vadra's political connections.

Stressing the authenticity of the allegation, Kejriwal said they should be sued for defamation if their charges are proved incorrect.

Striking down the allegation made by activists Arvind Kejriwal and Prashant Bhushan that the company favoured Vadra, DLF said it neither received any undue benefit from any state governments nor was it alloted any land by Delhi, Haryana and Rajasthan governments.

DLF also dismissed the charge that the company sold properties to Vadra and his companies at a throwaway price.

DLF said it purchased 3.5 acres of land in Gurgaon from Skylight Hospitality for Rs50 crore in 2008-09.

DLF said the business relationship with Vadra has been conducted in the highest standards of ethics.

Arvind Kejriwal aide Manish Sisodia, said the team will study DLF's revelations and then respond.
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