HOME > BUSINESS > DLF denies Times Now allegations on plot allotment

DLF denies Times Now allegations on plot allotment

Real Estate major DLF Ltd has vehemently denied a report in Times Now that said that the company had been allotted 23 acres of land 3.5 km away from the Parliament of India at a throwaway price.

The report, aired last night by the news channel, had claimed that even the Prime Minister’s office had objected to the handing over of the sensitive spot to a DLF subsidiary, reportedly for 65 crore (about $10.5 mln). But the objections from various corners were overruled for the allotment, the channel said. 

“The Company completely and vehemently denies these allegations. The allegations made are completely at variance with the facts, are false and baseless,” DLF has been quoted as saying in a statement sent out by Fortuna PR, the company’s public relations agency.

“The requisite approvals have been sought pursuant to court directions obtained after protracted litigation and by strictly following due process in this regard,” it said.

The channel had raised questions about why the government had apparently shown a lot of interest in allotting the property, which according to the channel is worth Rs 10,000 crore, to Edward Keventer (Successors) Pvt. Ltd. (EKSPL), a subsidiary of DLF.

“The Company wishes to reiterate that it conducts its business in strict compliance with all the applicable laws of the land,” DLF said.

“It is unfortunate that the story was aired without the channel contacting the Company to ascertain the true facts,” it added.

In a separate story, the Indian Express has said that the Central Bureau of Investigation is looking into the deal.

“Last November, the CBI registered a preliminary enquiry (PE) against officials of the urban development (UD) ministry for allegedly favouring DLF, giving it permission to construct the building. The PE was registered following a reference from the Central Vigilance Commission (CVC), which received a complaint,” the newspaper said.

“In 1992, the erstwhile Edward Keventer (Successors) Private Ltd (EKSPL), holding perpetual lease for dairy farming since 1942, sought land use conversion (for the project). The request was turned down in 2002. In the meantime, DLF took over management of EKSPL,” the paper said.

Follow ULTRA.news
NPA crisis: We’re not out of the woods yet – SBI official A senior State Bank of India official warned against assuming that the bad loan malaise affecting the Indian banking sector has started declining.Praveen Kumar Gupta, MD in charge of retail and digital banking, said one cannot directly draw conclusions by extrapolating trend...
RERA sales freeze drags down DLF Q2 profit by 94%, sales restarted Real estate major DLF reported a sharp decline in its revenue and profit for the July-September quarter after it stopped taking new bookings due to the implementation of RERA in May.The company's net profit fell by 94% to Rs 12.57 cr in July-September quarter from Rs 204.60 ...
UPDATE: 99% of demonetized currency returned to govt Eight months on, the Reserve Bank of India is yet to finish verifying and counting the 500- and 1000-rupee notes surrendered by the public between Nov 8 and Dec 30, 2016, the finance ministry said in a statement on Aug 11.UPDATE: About ten days after this article was publishe...
Nawaz Sharif Proves Unlucky For The Third Time Nawaz Sharif is third time unlucky to have to abandon his term as the democratically elected Prime Minister of Pakistan.With the Supreme Court disqualifying him over the corruption cases for ten years, sixty-seven-year-old Sharif’s premiership comes to end one year before hi...
Demonetization took India forward by 3 years – SBI The demonetization of currency notes late last year has doubled the number of card transactions and helped push India's payment digitisation by three years, State Bank of India said in a note."Even after seven months post demonetization, the transaction value is quite large ...
Axis Bank says 8 NPA accounts fingered by RBI owes it Rs 5,283 cr Axis Bank said eight of the 12 big defaulters highlighted by the Reserve Bank of India in its June 15 circular owed over Rs 5,000 cr to the bank.The RBI had given a list of 12 large accounts which together owed about 25% of the total bad loans of Indian banks. The total bad l...
Demonetization hits real estate builder prices, but not resale flats – report Demonetization of 500- and 1000-rupee notes hurt the real estate sector in North India, while its impact on the sector in South India was negligible, according to Magicbricks’ PropIndex for Jan-March 2017.The report, brought out by the eponymous real estate classifieds site, ...
Kapil Mishra to file FIR against Arvind Kejriwal Estranged Aam Aadmi Party leader Kapil Mishra said he will file a police complaint against Arvind Kejriwal today.The rebel AAP leader has accused the party supremo of taking bribes and acting like a dictator within the party."It is with a heavy heart that I am doing this,...
Supreme Court dismisses Center’s reasons for not appointing Lokpal The Supreme Court has dismissed the government of India's stand that it cannot appoint the Lokpal as there was no leader of the opposition.The court's decision came on a bunch of petitions seeking the appointment of a Lokpal is likely to lead to the first ever appointment...
Mayank Gandhi delivers scathing message to Arvind Kejriwal From the video message of Mayank GandhiFormer compatriot and head of Aam Aadmi Party Maharashtra, Mayank Gandhi has assailed Arvind Kejriwal in an acerbic letter that traces the AAP leader's rise and fall over the last five years.Gandhi, who left the organization after fou...
Glaucus questions stock price of Hong Kong-listed Fullshare Holdings Ltd Glaucus Research Group, a California-based short seller, said it was selling Hong Kong-listed developer Fullshare Holdings due to peculiar trading patterns seen in the stock's counter."Fullshare is supposedly a commercial and residential property developer, but this business ...
Arnab Goswami teases the launch of Republic TV A videograb from the 'teaser'Arnab Goswami, arguably the most talked about Indian journalist in recent years, has released a teaser video on the upcoming launch of his new television channel Republic TV.The video shows Goswami writing a letter to Mr Gandhi -- perhaps a r...
There’s no Lokpal because there’s no opposition leader, says govt Lokpal act was passed after massive demonstrations in 2013The Prime Minister's office today said the government has not appointed a Lokpal at the center yet as there is no leader of the opposition in the Lok Sabha.According to the Lokpal and Lokayuktas Act passed in 2013...
Nearly a quarter of all food samples tested found fake or adulterated Food Adulteration and Testing in India, FY16Over one-fifth of all food samples tested in India's government labs in the last year were found to be fake or adulterated, according to numbers compiled from various state government food testing facilities by union government's d...
No exemption to Tamil Nadu on NEET: Health Minister Health Minister Faggan Singh Kulaste at an event in DelhiExemptions to the National Eligibility cum Entrance Test cannot be given to any place or zones inside India as a common entrance test is required under the law, Faggan Singh Kulaste, junior minister in charge of health...
PNB, Corp Bank most aggressive in going after big debtors; SBI, BoB more relaxed Punjab National Bank, the third largest public sector bank in India, and smaller cousin Corporation Bank can teach bigger siblings like State Bank of India and Bank of Baroda a thing or two about going after big loan defaulters, an analysis of Reserve Bank of India data shows. ...
Narada sting operation probe handed over to CBI The Calcutta High Court has handed over the investigation into the sting operation conducted by 'Narada News' to the Central Bureau of Investigation.The agency has been told to complete a preliminary investigation within 72 hours.The move follows complaints that the state...
NDA-ruled states lead in digitization of public distribution systems States ruled by the National Democratic Alliance have taken the lead in implementing digital ration shops with the introduction of electronic point of sale machines, while non-NDA states have lagged behind in introducing this crucial anti-pilferage measure, data obtained from the...
Anti-corruption activists to conduct ‘Ghotala Yatra’ in Delhi on Thursday An umbrella group of anti-corruption groups will conduct a 'Ghotala Yatra' or 'Scam Procession' at Delhi's Mandi House area tomorrow.The rally, with the cry 'freedom from corruption' will start at 11 AM and be followed by a sitting protest at Jantar Mantar -- the traditional ...
Most UP MLAs saw big increases in wealth in 5 yrs, but some lost big The average Uttar Pradesh MLA saw their wealth increase by 82% in the five years during their tenure in the state assembly from 2012 to 2017, an analysis of their wealth submissions by Association for Democratic Reforms found.The analysis was based on the filings made by 31...