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Lalit Modi row: Rajasthan CM Vasundhara Raje's troubles mount

Documents showed Lalit Modi invested over Rs 11 crore in her son's firm

New Delhi: Troubles for the beleaguered Chief Minister of Rajasthan Vasundhara Raje mounted on Friday with the disclosure that she was the beneficiary of investments of over Rs 11 crore made by tainted IPL ex-commissioner Lalit Modi in her son's company at a high premium.

Read: Congress alleges quid pro quo in MoU between Lalit Modi, Vasundhara Raje

An affidavit filed by Raje before the Election Commission showed that she had 3280 shares in Niyant Heritage Hotels, owned by her son Dushyant Singh, an MP. Modi had invested over Rs 11 crore in this company at a huge premium of over Rs 96,000 per share of Rs 10.

Read: Vasundhara Raje admits signing documents for Lalit Modi

This disclosure generated charges that Raje had benefited from Modi's controversial investments, which the Rajasthan BJP President Ashok Parnami rebutted by claiming tonight that these shares had been "gifted" to her by Dushyant and his wife Niharika. Dushyant and his wife had gifted 1615 and 1665 shares, respectively to Raje on her birthday, according to Parnami who saw nothing wrong with it.

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The land was allocated to the Rajasthan University of Health sciences not to the counterpart, and the Centre had provided Rs 130 cr for cancer treatment in the state, he said.

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Congress leaders including CP Joshi have said in 2014 that the BJP government had signed the MoU with a private Portuguese Biomedical Research Organisation, Champaliamud Foundation (CF), to set up a state of the art cancer institute in Jaipur after the visit of Lalit Modi in August 2014.

Read: Maharashtra government gives clean chit to Rakesh Maria on his meeting with Lalit Modi

Lalit's visit to the Portuguese organisation and the BJP government's MoU with it barely 2 months later are correlated. On a question related to Raje's son Dushyant Singh's company and selling of share, Rathore said it was a private company and there are no rules either of company act or IT were flouted by anyone.

( Source : PTI )
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