The more the media probes the DLF-Robert Vadra property deals, the more doubtful does the explanation given by DLF look when juxtaposed against Vadra’s corporate balance-sheets filed with the Registrar of Companies (RoC). (You can read it all here)
Today’s Business Standard and The Economic Times offer new angles to their stories published earlier this week.
Doubts are now arising over the following:
One, who actually financed Vadra’s company Sky Light Hospitality to enable him to buy the Rs 15.38 crore property in Manesar (Village Sikohpur), Haryana, which was subsequently sold to DLF for Rs 58 crore in 2008-09?
Two, why did DLF pay higher-than-market prices for the Manesar land?
Three, in another deal, how can DLF claim it sold a luxury apartment in its Aralias complex in Gurgaon to Vadra at Rs 12,000 per square foot when it said almost two years earlier that all the flats were completely sold out for an average price of Rs 2,548 per sq ft?
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