I’bulls accuses Prashant Bhushan of perjury
New Delhi: Delhi high court on Tuesday asked an NGO seeking a probe into alleged financial irregularities against Indiabulls Housing Finance Ltd (IBHFL), to respond to the company’s plea. The company has accused advocate Prashant Bhushan of perjury in the PIL filed by the NGO.
A bench of Chief Justice D N Patel and Justice C Hari Shankar issued notice to Citizens Whistle Blower Forum, the petitioner NGO, and its member Bhushan. The court gave it time till October 24 to clarify its stand on the perjury application and a separate plea by the company for dismissing the PIL with costs.
The court listed the matter for next hearing within this month after senior advocate Mukul Rohatgi on behalf of the company urged the bench for an early date, arguing that even pendency of the PIL is making the firm suffer financial losses.
In the perjury plea, IBHFL has demanded prosecution of Bhushan, alleging that without even basic inquiry or research, he has moved the court straightaway and didn’t make any representation to any authority but is still “falsely alleging inaction by statutory authorities.”
It has further accused Bhushan of making false statements, suppressing material facts and presenting “incomplete and halfbaked information.”
The firm has maintained that of the five companies IBHFL had loaned money to, four have repaid and the fifth — Vatika — has to pay back Rs 600 crore out of the Rs 4,600 crore loaned to it. Rohatgi highlighted that the high court plea has “lifted portions” of a petition moved against the company in the Supreme Court that was later withdrawn by the petitioner.
Last week, the court had issued a notice to the company on the PIL alleging that monies loaned by IBHFL to various companies were routed back to its promoters through other entities.
The NGO further wants a direction to the ministry of corporate affairs to investigate through serious fraud investigation office into the alleged irregularities. The members of the NGO include former Delhi high court Chief Justice A P Shah, former Chief of Naval Staff Admiral L Ramdas, former IAS officer Aruna Roy and Bhushan.