Zeenews Bureau
New Delhi: Independent directors of DLF have sought probe into allegations of controversial transactions, if they are proved, between Robert Vadra and India`s biggest real estate developer.
According to the Economic Times, the independent directors have cleared that the transactions in question between Vadra and DLF were not discussed during the board meetings.
"The matter was not flagged off at any board meeting. We have not come across any such instance where favours have been done. It`s not come to our notice. It is not possible to look at each and every sale transaction. But we try to ensure that all transactions are done at market prices," the Economic Times have quoted KN Memani, an independent director at DLF, and former chairman of Ernst & Young India, as saying.
Meanwhile, shares in DLF slumped to a low of Rs 229.50 this morning, hinting a more than five percent cut from Friday`s close.
Last week, activist Arvind Kejriwal and lawyer Prashant Bhushan alleged that Vadra, the son-in-law of Congress president Sonia Gandhi, had bought properties worth over Rs 300 crore between 2007 and 2010 with an interest-free unsecured loan of Rs 65 crore provided by DLF. They claimed that the properties were given at undervalued rates in exchange of favours allegedly received from Congress state governments in Haryana, Rajasthan and Delhi.
Vadra has described allegations of having received "undue favours" from reality major DLF as "entirely baseless", "defamatory" and aimed at maligning his family.
On Sunday, the Congress continued to target Kejriwal and his associates in India Against Corruption (IAC) over allegations against Vadra while the Bharatiya Janata Party (BJP) said the Congress should "clear the situation" instead of trying to run down the activists.
Breaking his silence on the controversy, Vadra, who is married to Priyanka, daughter of Congress president Sonia Gandhi, said he was a private, law-abiding citizen who has been engaged in business over the last 21 years.
"The allegations levelled against me by Shri Kejriwal and Shri Bhushan are utterly false, entirely baseless and defamatory. My business transactions are fully reflected in financial statements filed before appropriate government authorities in compliance with the law," Vadra said in a statement to a news channel, which was posted on the news channel`s website.
He said the statements were available in the public domain to anyone interested in knowing the truth. "I am saddened by the attempt of Shri Kejriwal and Shri Bhushan to deliberately misrepresent numbers contained in my financial statements, manufacture lies and malign my family in order to gain cheap publicity for them and for the launch of their political party," Vadra said.
DLF on Saturday refuted the charge. The company said it had business dealings with Vadra`s companies and denied there was any quid pro quo.
Sources said the IAC is likely to respond on Monday to clarifications sought by DLF.
(With IANS inputs)
By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
Cookies Setting
By clicking “Accept All Cookies”, you agree to the storing of cookies on your device and the processing of information obtained via those cookies (including about your preferences, device and online activity) by us and our commercial partners to enhance site navigation, personalise ads, analyze site usage, and assist in our marketing efforts. More information can be found in our Cookies and Privacy Policy. You can amend your cookie settings to reject non-essential cookies by clicking Cookie Settings below.
Manage Consent Preferences
Strictly Necessary Cookies
These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work or you may not be able to login.
Functional Cookies
These cookies enable the website to provide enhanced functionality and personalisation. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then some or all of these services may not function properly.
Targeting Cookies
These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They are also used to limit the number of times you see an advert as well as help measure the effectiveness of an advertising campaign. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising.
Performance Cookies
These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we may not know when you have visited our site, and may not be able to monitor its performance.