Gadbadkari's scams exposed by Kejriwal

[seedhi]

Seedhi' date=' What is the directive of 1984 which people are repeatedly referring to? Also, the co-operative is a profit making business - I am not sure if it can be thought of as public. Even the recent LARR does not define any private organization as public.[/quote']Public purpose has never been strictly defined, but setting up companies etc has been held as public purpose by the courts in the past.

[Crookbond]

1984 directive?

[seedhi]

1984 directive?

Is that a Supreme Court judgment ? SC judgments are the law of the land,, unless overridden by the Parliament. Its quite clear that no illegality was committed, and there is nothing against Gadkari either.

[Crookbond]

Is that a Supreme Court judgment ? SC judgments are the law of the land,, unless overridden by the Parliament. Its quite clear that no illegality was committed, and there is nothing against Gadkari either.

Illegality - irregularity. Potato- Po tah to

[Tiger80]

Anjali Damania bought farm land, then sold it after changing land use http://www.indianexpress.com/news/anjali-damania-bought-farm-land-then-sold-it-after-changing-land-use/1018968/0 While India Against Corruption (IAC) activist Anjali Damania is fighting for her 30-acres of land in Kondivade village in Karjat taluk that will be submerged when the Kondhane dam is built, she had bought seven acres of agricultural land nearby in 2007 only to sell it in 2011 after getting it changed to non-agricultural. Two farmers from whom she bought the plots claimed Damania had told them she would use the land for farming purposes. Karjat is about 120 km east of Mumbai with a significant green belt and is a popular weekend getaway for Mumbaikars. In 2007, Damania bought 39 contiguous plots totalling seven acres from farmers in Kharvandi village, adjacent to the Kondivade village where the Kondhane dam is proposed on the Ulhas river. According to official documents available with the village talati (a local government employee), the Raigad district collector had permitted change of land use from agricultural to non-agricultural for these plots. Reached for her comment, Damania said there was nothing illegal in the transactions. ŵhe plots were bought in 2007 as agricultural plots and soon after, I applied with the collectorÃÔ office in Raigad to change the user type of these lands from agricultural to non-agricultural. In 2011, these applications were approved following which 37 plots were sold to different buyers. I can produce all the required papers to prove that everything was done legally. If someone thinks this is wrong, the problem then actually lies with the governmentÃÔ policy in changing the land-use from agricultural to non-agricultural. I am being targeted now because I raised my voice against a corrupt system, she told The Indian Express. The land in question had vegetation when bought in 2007, but it gave way to a project of private villas called `Alpine Village? The project belongs to SVV Developers of which Damania is a director. Of the 39 plots carved out in Alpine Village, 37 were sold to private individuals until August 2011. Two farmers, Vinod Sonawane and Ramdas Sonawane, said they both sold land to Damania at about Rs 75, 000 per acre in 2007. Damania said she did not remember when asked about the rate at which the 37 plots were sold by her in 2011 after their land-use was changed to non-agricultural. Vinod Sonawane, who sold 3.5 acres, said Damania purchased the land from him at Rs 2.5 lakh. Å®y father grew rice and pulses but none of the vegetation exists now. She told us the land will be used for agricultural purposes, he said. Ramdas Sonawane said he sold the 1.75 acre plot at Rs 1.60 lakh. Soon after Damania filed a PIL against alleged irregularities in the construction of the Kondhane dam in April 2012, an inquiry of all plots of land belonging to her in Karjat was initiated under the authority of tehsildar Jagatsingh Girase. In August, Girase issued an order which said Damania had provided inadequate proof of being a farmer and so the 36 plots she had bought claiming to be a farmer were taken back by the government. Å°n physical inspection of these plots, we found that Damania had not carried out agricultural activities on most of them, he said. DamaniaÃÔ fellow petitioner in the PIL, Ajay Mathankar, also owns a plot with two farm-houses close to the dam site. Ajay is the son of former IAS officer Vijay Mathankar, who was the CEO of Raigad Zilla Parishad for three years and is currently the senior vice president of DB Realty. Owner of a Mumbai based advertising firm, Ajay Mathankar confirmed that the plot belonged to him. Ū have been open about the fact that I am a land-owner in this area. When I bought the land in 2011, I was not aware that it was going to be included in the area required for the dam. Irregularities and corruption involved in the construction of the dam prompted me to become a part of the PIL, he said.

Anjali Damania looks herself to be real estate player :giggle:

[Crookbond]

The Pur(e)ti truth about Nitin Gadkari

This week, we had an unusual television moment: BJP President Nitin Gadkari in our studios allowing himself to be grilled on questionable financial dealings and conflict of interest. The background to his appearance was straightforward. Since team Kejriwal had dropped enough hints that Mr Gadkari and his businesses was their next target, our Mumbai and Nagpur reporting teams began to revisit those areas. As it turned out, the IAC press conference was disappointing, a rehash of mainly old facts. But our team had stumbled upon some serious questions about how Mr Gadkari had financed his company. Mr Gadkari likes to call himself a social entrepreneur, and his company, Purti Sugar Ltd. s sort of cooperative that is owned by the farmers it was meant to benefit.It’s true that the list of shareholders is long, about 10,000names, that carry the flavour of rural Maharashtra. But farmers (if they are, indeed, farmers) own only 10% of Purti. Mr Gadkari himself owns only 200 shares. The bulk of Purti is owned by just 18 companies. These companies invested about Rs 2-4 crore each, to form the bulk of Purti’s paid up capital of Rs 68 crore. This, essentially, was Purti’s start up money. So who are these companies that financed Purti, and as a result, own it ? Their balance sheets on the website of the ministry of company affairs offer very little detail.When our reporters paid them a visit at their registered addresses, they (surprise, surprise) hit a dead end.Two of the firms — Swiftsol India and Earnwell Traders — are registered at a chawl in the Mumbai suburb of Malad, surprising for companies which have invested about Rs 4 crore in Purti. None of the residents at the given addresses had heard of Swiftsol or Earnwell. The same dead end at the addresses of Chariot Investrade, Regency Equifin, Leverage Fintrade, etc scattered across suburban Mumbai and Kolkata. :giggle: The Congress alleged that Mr Gadkari had used shell companies to “channel his ill-gotten wealth”. Mr Gadkari naturally denied this, but beyond that developed amnesia. He said he can’t remember all his 10,000 shareholders, a weak claim given that we were only asking him to reveal the identities of 18 entities that own his company. He said addresses change, an unconvincing claim, given that many of the people our team met had been living at those addresses for 20 years, much before Purti was formed. There is one investor whose identity is known. Ideal Road Builders purchased shares worth Rs 1.85 crore in Purti in 2001, just over a year after Mr Gadkari demitted office as Maharashtra’s public works department minister. During his tenure, Ideal was awarded a number of contracts by the PWD department, which eventually led to it becoming one of Maharashtra’s leading toll road companies. DP Mhaiskar, founder of Ideal Road Builders, also bought shares worth about Rs 2 crore in Purti. Together, IRB and Mr Mhaiskar control about 8% of Purti Group. Should a toll road company, which has received contracts under Mr Gadkari’s tenure, invest in a venture set up by him, that too so soon after his demitting office? Even if the tendering process was above board? Why not, says Mr. Gadkari. Why can’t contractors and ex-PWD ministers be friends? Or business partners? Why not, indeed. In 2010, Purti Group received a secure loan of Rs 165 crore from a company called Global Safety Vision, which has DP Mhaiskar as its director.With this one loan, Purti was able to repay all its outstanding debt. Surprisingly, in its last regulatory filings, Global Safety Vision had only Rs 1 lakh paid up capital. Mr Mhaiskar refused to comment. But Mr Gadkari said he was happy to explain. He said Mr Mhaiskar and he are close friends. So close that Mr Mhaiskar and his family put up a large chunk of their shares as collateral to raise loans for a new power project. They gave about a fourth of that loan to Purti. Where is this power project coming up? Bang next to Purti’s factory. On the land sold to the Mhaiskars by Mr Gadkari. It says something about Mr Gadkari that he sees no qualms in admitting to such intense proximity with contractors. Or feigning amnesia about the ownership of his company. On live television. Whatever the motives that made him offer to come to our studio (confidence, anxiety, naiveté?) it was a sporting step by a politician of his seniority. But at a time when crony politics is under such intense scrutiny, and when his second term as BJP president is about to be clinched, just turning up on TV and trying to bluster one’s way out may not be enough.

http://www.dnaindia.com/analysis/column_the-pureti-truth-about-nitin-gadkari_1754798 Social entrepreneur my a-----ss.

[urbestfriend]

Saw that interview , it was pretty evident that Gadkari was lying about these shell companies. It is the time for BJP to act against Gadkari if they are serious about their anti-corrption agenda, but RSS is backing this man who is neither a mass leader nor has clean background.

[Crookbond]

I expected this mate - Gadkari has not left a direct trail but made it convoluted so that it is difficult to trace him back. In fact, I now even doubt that this venture can be called as "public purpose" - no way.

[urbestfriend]

I expected this mate - Gadkari has not left a direct trail but made it convoluted so that it is difficult to trace him back. In fact' date=' [b']I now even doubt that this venture can be called as "public purpose" - no way.

Well, Fact is It can be said that he divested the black money through this venture, but we can't question his intentions for public purpose. He opened a sugar factory which is most unviable sector in a region which is known for suicides, as opposed to invest in a attractive real estate sector like other politicians do. Also he made 9000 farmers as shareholders and his companies are still in loss after 10 years of inception. But it doesn't deter from the fact that he is not completely clean which is sufficient to axe him from President post.

[Crookbond]

Well' date=' Fact is It can be said that he divested the black money through this venture, but we can't question his intentions for public purpose. He opened a sugar factory which is most unviable sector in a region which is known for suicides, [b']as opposed to invest in a attractive real estate sector like other politicians do. Also he made 9000 farmers as shareholders and his companies are still in loss after 10 years of inception. But it doesn't deter from the fact that he is not completely clean which is sufficient to axe him from President post.

Actually, it is what other politicians do as well. They buy land for throw away rates and build up something around it to raise the prices. Low investment, high returns. Example - Bangalore airport, DLF Bikaner and Haryana It's interesting to see what the ROI for the farmers is being a shareholder. It will make for an interesting case study for a MBA project if someone is willing to put in the hard work.

[Crookbond]

NEW DELHI/NAGPUR: Grave questions have surfaced over the source of funds for Purti Power and Sugar Ltd, controlled by BJP president Nitin Gadkari. Investigations reveal significant investments and large loans to Purti by a construction firm, Ideal Road Builders (IRB) Group, which had won contracts between 1995 and 1999, when Gadkari was the PWD minister in Maharashtra. Besides IRB Group, the other significant shareholders in Purti are a clutch of 16 companies. TOI's investigations across four cities revealed that most addresses in which these companies are registered are unverifiable, and that the firms are controlled by Gadkari's close aides. Records of 2010-11 show that directors of these investor companies included Gadkari's driver, his 'diwan' (accountant) and two employees of Purti. One of them is said to be a friend of his son, Nikhil. The IRB connection is significant. The company and its promoter D P Mhaiskar together subscribed to 68.4 lakh shares of Purti. More importantly, an IRB firm, Global Safety Vision, loaned Rs 164 crore to Gadkari's company. The BJP chief, who is one of the seven promoters of Purti, currently holds just 310 shares worth Rs 3,100. When Gadkari met TOI in Nagpur on Monday, he denied any wrongdoing. "I am ready to face any inquiry," he said. He added, "I resigned as Purti chairman 14 months ago." TOI had withheld the story for 24 hours as the BJP chief was not available for comment initially. Global's loan came in a year when Purti had a turnover of Rs 145 crore and accumulated losses of Rs 48.94 crore. IRB Group's contribution in strengthening finances of Purti is noticeable on filings of the company over the years. Also, Global appointed its director Ganesh Gadre on Purti's board as a nominee director. Purti's power and sugar plants and the 47.69-hectare plot — on which the factories are housed — are mortgaged to Global. In a detailed reaction, Sudhir Dive, managing director of Purti Power and Sugar Limited, denied any irregularity in company's funding from IRB or other sources. "Purti has losses of Rs 64 crore, Mhaiskar loaned us Rs 164 crore through Global, and we have repaid him Rs 62 crore which includes interest," said Dive. "There's no suspicion around the investment, growth and associations of Purti Power and Sugar Limited," said Dive in a written reply to queries sent by TOI. "All the companies are genuine and are 12-15 years old, they are also complying with all the rules and regulations," he asserted. However, TOI's investigation shows that most companies that invested in Purti don't exist at the addresses shown in the records of the Registrar of Companies. For instance, five of the investor companies — Nivita Trades, Swiftsol, Rigma Fintrade, Ashwami Sales and Marketing and Earnwell Traders — are shown as registered at Dube Chawl, a slum in Mumbai's Andheri East. Ramesh Dube, the owner of the chawl, maintained that no company had ever functioned from the area. "I know of no one who has or currently operates an office in this colony," Dube told TOI. Three other major holders of the Group — Vidya Buildcon, Sanobar Infrastructure and Roller Multitrade — are registered at an address, Sri Nivas House in Mumbai's Fort Area, which actually belongs to the well-known Somani Group. When TOI visited the premises, members of the Somani family and their employees denied any knowledge of the firms which in official records operate from the same address. Inquiries revealed that it was actually Pradeep Vyas, a manager of Gujarat Composite Limited, a unit of the Bangar Group that operates from the same building, who had mentioned Somani's premises as that of the Purti investors. Vyas admitted mentioning Somani's premises as the address of Purti investors, saying that he did so at the instance of his chartered accountant friend, Chandrashekhar Sarda. When reached in Kolkata, Sarda said that the companies actually belonged to Kolkata-based investors. "We liaison with them for ROC requirements," Sarda said. Just like their addresses, the credentials of the directors of Purti's investor companies are also intriguing. TOI inquired about four of the set who were directors in 16 firms that invested in Purti. Thus, Manohar Panse, who used to be Gadkari's driver, happened to be a director in five of Purti's investor companies. In fact, between 2009 and 2011, Panse was a director in six other companies as well. When contacted, Dive admitted that Panse was Gadkari's driver, but clarified that he is "now a director of only one company." Incidentally, Panse was a key witness in the case where a seven-year-old girl was found dead in a car parked in Gadkari's residential complex in 2009. :haha: Likewise, the address of another director in some of these investor firms, Kawdu Pandurang Zade, is the same as Gadkari's in Nagpur. Zade, known as "Diwan" in the Gadkari household, was a director in 12 holding companies. Importantly, Dive, who joined Purti as its MD in 2005, was the BJP chief's personal assistant when he was the PWD minister. He continued with Gadkari, serving as his personal secretary when the BJP president became the Leader of Opposition (1999-2004) in the Maharashtra Legislative Council. Apart from the diwan and the driver, the other two directors are Nishant Vijaya Agnihotri and Sagar Shripad Kotwaliwale. Both are employees of Purti, with the latter reportedly a close friend of Gadkari's son. Interestingly, various combinations of two of these four were directors in 16 out of the 21 companies. Apart from the common set of directors, there is something else that runs through Purti's investor companies as a conspicuous thread. At least 19 of these have registered the same email id with the Registrar of Companies — rajsharma54@yahoo.com. An e-mail sent to the id on Monday evening is yet to elicit a response. Gadkari and Dive said they did not know the identity of Sharma. The investing companies have now got new directors, but they too are a closed group of people — 11 of them staying in the same locality in Kolkata. FAMOUS FIVE: The people who have some connections with Nitin Gadkari Sudhir Wamanrao Dive: MD in Purti Power and Sugar Limited since April 24, 2005. He was a tehsildar in Nagpur district. He came on deputation as the personal assistant of Gadkari during the latter's tenure as PWD minister between 1995 and 1999. Later, he was Gadkari's personal secretary. Dive's younger brother, Dilip Dive, was a BJP candidate in the recent civic elections. Kawdu Pandurang Zade: Believed to be Gadkari's classmate and from the same village, Dhapewada. Along with Gadkari, Diwe used to run a shop in the ground floor of Gadkari's building. Zade has been living in Gadkari's house for several years. He is named 'Diwanji', which means a person looking after financial matters. Manohar Madhavrao Panse: Driver of Nitin Gadkari. Now, he looks after all household work. His name featured when Gadkari was in a controversy for when a young girl, Yogita Thakre, was found dead in a Honda CRV belonging to the Gadkari family in 2009. 'Panse-kaka' is as good as a family member. Nishant Vijay Agnihotri: Works in Purti Power and Sugar Limited and is posted at Purti's head office. Sagar Shripad Kotwaliwale: Works at Purti Purti's head office since 2006. Rumoured to be a friend and classmate of Gadkaris' son Nikhil. Sagar is also an RSS activist.

http://timesofindia.indiatimes.com/india/Questions-swirl-around-source-of-funding-of-Gadkaris-firm/articleshow/16920160.cms You know you are in trouble when TOI writes sensible details about you. :giggle:

[ravishingravi]

All over for him. Good riddance !!

[Crookbond]

All over for him. Good riddance !!

What happened? :dontknow:

[Crookbond]

http://www.ndtv.com/article/india/not-quite-a-butcher-a-baker-but-close-nitin-gadkari-s-mysterious-investors-284345

Of the 18 different firms that have invested in Purti, many share directors and addresses which appear implausible. Companies are registered at locations like a one-room office in suburban Mumbai's Malad; directors of firms linked to Mr Gadkari include an astrologer, his former driver, and a baker employed by the Purti group.

Yea sure there is nothing wrong in what Gadkari has done with Purti! :two_thumbs_up:

[Trichromatic]

He is probably worst hit politician in last few months. It is speculated that RSS might not support his second term as BJP chief next year. His career is probably over.

[Rohit S. Ambani]

Leave clean or corrupt, how come RSS knicker wearing funny looking people chosen this mega-fat guy for BJP President job? He looks so weird with Advani and others, Only Sushma can compete with his butt and gut size.

[Crookbond]

http://www.thehindu.com/news/national/more-trouble-for-gadkari-as-registrar-of-companies-to-serve-notice-to-his-firm/article4031221.ece More trouble for Gadkari as Registrar of Companies to serve notice to his firm

Further trouble is in store for the Bharatiya Janata Party president Nitin Gadkari, whose companies are under scanner for alleged financial and managerial irregularities, as the Registrar of Companies in its preliminary report has found serious discrepancies in the documents submitted by at least one of the 18 firms in which he has stakes. Ironically Mr. Gadkari,s travails are more from within the party than outside. Several senior BJP leaders concede in off-the-record conversations that the ‘campaign’ against Mr. Gadkari is linked to power struggle within the party. However, none of the leaders are willing to identify the leaders working against the party president for fear of incurring their wrath. The consensus within the BJP is that the fate of Mr. Gadkari now is entirely in the hands of the RSS which had promoted his candidature as the party chief. Indications are that there are concerns within the Sangh and the party on the adverse impact of allegations against Mr. Gadkari on the image of the BJP which is fighting against the Congress on the plank of corruption. However, at the same time given the number of prime ministerial aspirants within the BJP, it would not be easy task for the RSS to take a call on Mr. Gadkari. It is against this backdrop that the preliminary report of the Registrar of the Companies is significant. According to sources the Ministry of Corporate Affairs has given a green signal to the Registrar of Companies to serve a notice to the BJP chief’s company Purti Power and Sugar Limited (PPSL) under Section 234(1) in The Companies Act, 1956, seeking an explanation within the next two weeks. The direction by the Ministry gives enough ammunition to Mr. Gadkari’s detractors within the party, who are determined to ensure that he does not get a second term. Since the anti-corruption activist turned politician Arvind Kejriwal targeted Mr. Gadkari, it is clear that some senior leaders within the BJP have been plotting for his ouster. Mr. Gadkari’s stint as the party chief would end in December and after the recent amendment to the party constitution, allowing a second term to the incumbent president, it was taken that Mr. Gadkari would get another term. However, the turn of events has put a question mark on second term chances of Mr. Gadkari. So far the senior BJP leader L.K. Advani and Leader of the Opposition in the Lok Sabha Sushma Swaraj have defended Mr. Gadkari. But other party leaders like Gujarat Chief Minister Narendra Modi have maintained a steadied silence.

[Crookbond]

Nitin Gadkari lent and took money from same firm: Report; IT Department probes Gadkari firms http://ibnlive.in.com/news/gadkari-lent-and-borrowed-money-from-the-same-firm-reveal-fresh-documents/302206-37-64.html

CNN-IBN has accessed details of one of the alleged shell companies that invested in BJP President Nitin Gadkari's Purti Group. Regency Equifin Pvt Ltd interestingly has Gadkari's accountant Kawdu Zade and other employees in Purti as directors. Also, records show that Regency Equifin both borrowed from and lent money to Gadkari. The company bought shares worth Rs 4 crore in Gadkari's Purti Group in 2008. The 2008-09 balance sheet of Regency Equifin shows Gadkari gave unsecured loans of Rs 26 lakh. In 2011, the balance sheet of Regency Equifin shows that the loss-making Purti gave Rs 95 lakh to it. The Income Tax department on Thursday began probe into Purti Power and Sugar Ltd (PPSL). I-T authorities said they will also probe source of funds of the 18 companies that invested in Purti. Prima facie evidence suggested that shell companies had invested in Purti. Sources said that if necessary Gadkari might also be summoned in the case. "I-T departments of Mumbai and Pune have started their probe into Gadkari's Purti Power and Sugar Ltd," sources said. The agency is also expected to submit a report to Central Board Direct Taxes (CBDT) soon. The 18 companies will be summoned in due course. I-T department sources said that it would be very difficult to prove the quid pro quo. "If necessary Gadkari might also be summoned but that call will be taken by investigating officer in due course of the probe. I-T has already started gathering documents relating to these companies," said sources. "We will trace the source the funds of the companies including the 18 companies that invested in Purti," a top I-T official said on condition of anonymity. He said prima facie 'shell' companies (inactive firms used as a vehicle for various financial manoeuvres or kept dormant for future use in some other capacity) had pumped money into PPSL. Gadkari is at the centre of a raging controversy over funding of PPSL with media reports claiming that major investments and large loans to Purti were made by Ideal Road Builders (IRB) group, which had won contracts between 1995 and 1999, when the BJP chief was PWD minister in Maharashtra. Media reports also claimed that shell companies were floated for making investments and their fake addresses were submitted to the Registrar of Companies. On Tuesday, Corporate Affairs Minister Veerappa Moily had said that Registrars of Companies would inquire into the allegations. On his part, Gadkari has denied the allegations and said he was prepared for a probe.

What a social server for the farmers.

[ravishingravi]

:hysterical:

[Trichromatic]

Leave clean or corrupt, how come RSS knicker wearing funny looking people chosen this mega-fat guy for BJP President job? He looks so weird with Advani and others, Only Sushma can compete with his butt and gut size.

Didn't he lose something like 30 Kg by weight-loss operation?