TODAY -
Lalit Modi Paid Rs. 96,000 for Rs. 10 Share in Firm Owned by Vasundhara Raje’s Son
Write Comment
E-Mail To a Friend
Facebook
Twitter 
Print
New Delhi: Rajasthan Chief Minister Vasundhara Raje finds herself combatting charges of impropriety on two counts when it comes to Lalit Modi, the former chief of the Indian Premier League, who lives in London.
Mr Modi has alleged that in 2011, when he sought to extend his stay in the UK, Ms Raje backed his application with a document filed in court that sought confidentiality for her support.
The politician has said she is not aware of the document Mr Modi has cited. What could prove to be more damning is the business deal between her son, Dushyant Singh, and Mr Modi that is now being investigated by Enforcement Directorate.
Documents show that Mr Singh and his wife in 2013 declared the nearly 6,000 shares they held in their firm, Niyant Heritage Hotel Pvt Limited, were worth Rs. 10 each. Their combined stake was worth about Rs. 65,000 according to their income tax returns. But before that, in two tranches in 2008 and 2009, Mr Modi bought shares in the same firm at nearly Rs. 96,000 each. So each share purchased by his company, Ananda Heritage Hotels, was with more than the collective stake of Mr Singh and his wife. Mr Modi’s company also granted an unsecured loan of Rs. 11 crore to Mr Singh’s firm.
In a press statement, Mr Singh, a 41-year-old national lawmaker, denied any wrong doing, claiming that all transactions of his company were legitimate and "every fact has been mentioned in the IT (income tax) returns which is available."
A source in the Enforcement Directorate involved in the investigation into this transaction told NDTV that since its inception, Ananda Heritage appeared not to have transacted any business, leading to suspicions that it was a front company. "If a company receives foreign direct investment, then they will have to utilise it but it doesn’t look like Ananda has," the source said.
Mr Modi moved to London in 2010 after he was swamped with allegations of graft in how he operated the IPL. His passport was cancelled by India in 2011, and restored last year by the Delhi High Court.
| Comments on this Article | |
| Jossey Saldanha, Mumbai | Fri, June-19-2015, 12:17 |
You scratch my back, I scratch yours ...  Agree[4]
|
|
Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on kemmannu.com to provide the IP address and other details of senders of such comments, to the authority concerned upon request. Hence, sending offensive comments using kemmannu.com will be purely at your own risk, and in no way will Kemmannu.com be held responsible.
Similarly, Kemmannu.com reserves the right to edit / block / delete the messages without notice any content received from readers.
RELATED
Toll Plazas Within 60 Km Of Other Booths To Be Closed In Next 3 Months: Nitin Gadkari
27-Year-Old Woman Wanted For Murder, Kidnapping Caught After 4-Year Hunt
BJP’s Uttarakhand Chief Minister Pick Likely Today, Goa Still In Suspense
Land/Houses for Sale in Kaup, Manipal, Kallianpur, Santhekatte, Uppor, Nejar, Kemmannu, Malpe, Ambalpady.
Final Journey of Emilian Bridget D’Souza (80 years) | LIVE from Kemmannu | Udupi |
2 BHK Flat for sale on the 6th floor of Eden Heritage, Santhekatte, Kallianpur, Udupi
Agricultural Land at Alevoor and Malpe (UDUPI) for Sale - Contact Direct to 9008199430.
Final Journey of Judith Lewis (91 years) | LIVE From Kallianpur
Rozaricho Gaanch April, 2024 - Ester issue
Final Journey Of Theresa D’Souza (79 years) | LIVE From Kemmannu | Udupi |
Invest Smart and Earn Big!
Creating a World of Peaceful Stay!
For the Future Perfect Life that you Deserve! Contact : Rohan Corporation, Mangalore.
Final Journey Of Joe Victor Lewis (46 years) | LIVE From Kemmannu | Organ Donor | Udupi |
Milagres Cathedral, Kallianpur, Udupi - Parish Bulletin - Feb 2024 Issue
Way Of Cross on Good Friday 2024 | Live From | St. Theresa’s Church, Kemmannu, Udupi | LIVE
Good Friday 2024 | St. Theresa’s Church, Kemmannu | LIVE | Udupi
Maundy Thursday 2024 | LIVE From St. Theresa’s Church, Kemmannu | Udupi |
Kemmennu for sale 1 BHK 628 sqft, Air Conditioned flat
Symphony98 Releases Soul-Stirring Rendition of Lenten Hymn "Khursa Thain"
Palm Sunday 2024 at St. Theresa’s Church, Kemmannu | LIVE
Final Journey of Patrick Oliveira (83 years) || LIVE From Kemmannu
Carmel School Science Exhibition Day || Kmmannu Channel
Final Journey of Prakash Crasta | LIVE From Kemmannu || Kemmannu Channel
ಪ್ರಗತಿ ಮಹಿಳಾ ಮಹಾ ಸಂಘ | ಸ್ತ್ರೀಯಾಂಚ್ಯಾ ದಿಸಾಚೊ ಸಂಭ್ರಮ್ 2024 || ಸಾಸ್ತಾನ್ ಘಟಕ್
Valentine’s Day Special❤️||Multi-lingual Covers || Symphony98 From Kemmannu
Rozaricho Gaanch December 2023 issue, Mount Rosary Church Santhekatte Kallianpur, Udupi
An Ernest Appeal From Milagres Cathedral, Kallianpur, Diocese of Udupi
Diocese of Udupi - Uzvd Decennial Special Issue
Final Journey Of Canute Pinto (52 years) | LIVE From Mount Rosary Church | Kallianpura | Udupi
Earth Angels Anniversary | Comedy Show 2024 | Live From St. Theresa’s Church | Kemmannu | Udupi
Kemmannu Cricket Match 2024 | LIVE from Kemmannu
Naturya - Taste of Namma Udupi - Order NOW
New Management takes over Bannur Mutton, Santhekatte, Kallianpur. Visit us and feel the difference.
Focus Studio, Near Hotel Kidiyoor, Udupi
Earth Angels - Kemmannu Since 2023
Kemmannu Channel - Ktv Live Stream - To Book - Contact Here
Click here for Kemmannu Knn Facebook Link
Sponsored Albums
Exclusive
An Open ground ‘Way of the Cross’ observed in St. Theres’s Church, Kammannu. [Live-Streamed]
Udupi Bishop Most Rev. Gerald Issac Lobo Celebrates Palm Sunday at Kemmannu Church
The architect of various Churches, Schools, Hospitals and Colleges….. Msgr Denis Jerome D Souza.
Konknani Writers’ Association Literary Award Conferred on Dr. Gerald Pinto
Celebrating Love Across Languages: A Valentine’s Day Special
Udupi: Kemmannu.com Journo Richard D’Souza Felicitated by Paryaya Sri, Sri Sugunendra Tirtha Swamiji.
Let the unity of senior players be an example to the youth - Gautham Shetty - Alfred Crasto Felicitation - Match Livestream.
Bali, Indonesia: Royal Singaraja Award to Mangalorean NRI Philanthropist Dr. Frank Fernandes. [Video]
MTC - Milagres towards Community – An Outreach program on 14th December, 2023
