You are here
Home > All Newspaper Editorials UPSC IAS > The Indian Express Editorials > Robert Vadra paid for land 6 months after registration with advance from DLF

Robert Vadra paid for land 6 months after registration with advance from DLF

Robert Vadra got advance from DLF 2 months before the pact. (AP)

Robert Vadra’s first cheque of Rs 7.5 crore (dated February 9, 2008) to Onkareshwar Properties for buying 3.53 acres in Gurgaon’s Shikohpur village remained un-encashed. In fact, his firm Sky Light Hospitality, which was the buyer, had a balance of just Rs 1 lakh in its account as of April 1 that year.

It was a Rs 8.05-crore “advance” from real estate giant DLF to Sky Light Hospitality, paid over one week in June that year, which bailed him out.

BJP decides to target Sonia Gandhi via ‘sarkari damaad’ Robert Vadra

This was a full two months before DLF entered into a “collaboration agreement” with Vadra’s firm.

The Indian Express has learnt and DLF has confirmed that it paid Skylight Hospitality as per the following schedule:

* Rs 6.5 crore through a cheque of ICICI Bank on June 5, 2008.

* Rs 1 crore on June 10, 2008, through a cheque of Development Credit Bank

* Rs 55 lakh on June 12, 2008, through a cheque of Development Credit Bank.

Robert Vadra pocketed large premium on colony license: Ashok Khemka

A fixed deposit of Rs 8.05 crore was also opened on June 12.

It was from this account (CBCA 01/000129) that Sky Light Hospitality finally paid Rs 7.95 crore (Rs 7.5 crore purchase price plus Rs 45 lakh stamp duty) to Onkareshwar on August 9, 2008, through cheque no. 978951 of Corporation Bank.

Incidentally, the first cheque — which Onkareshwar never cashed — was issued by Sky Light Realty, another of Vadra’s firms, but, curiously, not accounted for in its balance sheet of March 31, 2008.

Firm that sold land to Robert Vadra launched by Gopal Kanda’s brother

When contacted, DLF said that it had already disclosed these transactions last year. It clarified, in an email response to The Indian Express: “We have paid Rs 5 crore as an advance (for the Shikohpur deal) in line with the normal course of business and as per industry practice.”

… contd.

Please read our terms of use before posting comments

TERMS OF USE: The views expressed in comments published on are those of the comment writer’s alone. They do not represent the views or opinions of The Indian Express Group or its staff. Comments are automatically posted live; however, reserves the right to take it down at any time. We also reserve the right not to publish comments that are abusive, obscene, inflammatory, derogatory or defamatory.

error: Content is protected !!