Six closed Robert Vadra cos un­der cor­po­rate af­fairs min­istry’s lens?

Hindustan Times (Lucknow) - - HT BUSINESS - HT Cor­re­spon­dent ■ let­ters@hin­dus­tan­

Prob­lems for Robert Vadra, son-in-law of Congress pres­i­dent Sonia Gandhi, may not end with the shut­ting down of six of his com­pa­nies, which have bought prop­er­ties and land in Ra­jasthan and Haryana.

The cor­po­rate af­fairs min­istry will scru­ti­nise the records of th­ese com­pa­nies and see why th­ese com­pa­nies have not been fil­ing any an­nual re­turns.

Four of Vadra’s com­pa­nies — Life­line Agrotech Pvt Ltd, Green­wave Agro Pvt Ltd, Right­line Agri­cul­ture Pvt Ltd and Prime­time Agro Pvt Ltd — have been dis­solved, while two more, Fu­ture In­fra Agro Pvt Ltd and Best Sea­sons Agro Pvt Ltd will be dis­solved soon. Vadra was man­ag­ing di­rec­tor in all th­ese com­pa­nies.

HT had first re­ported on July 8 that Vadra was shut­ting down th­ese com­pa­nies.

Denying all al­le­ga­tions, Suman Khai­tan and Co, ad­vo­cates and no­taries, rep­re­sent­ing Vadra, said in a let­ter that the six com­pa­nies have been closed or are in the process of clos­ing be­cause th­ese com­pa­nies have not done any business what­so­ever. “Th­ese are pri­vate com­pa­nies and our client is well within his right to close th­ese com­pa­nies law­fully. You may kindly note that since none of th­ese six com­pa­nies ever trans­acted any business, there is no ques­tion of any of th­ese six com­pa­nies hav­ing ever recorded any profit,” the let­ter said.

“If any prima fa­cie ev­i­dence of il­le­gal­ity or wrong­do­ing is found, in­ves­ti­ga­tions could con­tinue even after the com­pa­nies cease to ex­ist,” a se­nior of­fi­cial in the cor­po­rate af­fairs min­istry said on con­di­tion of anonymity.

HT re­port on July 8, 2014

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.