Arvind Kejriwal denies bribery charge, says Sidhu no factor Arvind Kejriwal on Tuesday denied charges of promoting bribery by asking voters to take money from other parties and vote for the AAP in Punjab and Goa. Delhi Chief Minister Arvind Kejriwal on Tuesday denied charges of promoting bribery by asking voters to take money from other parties and vote for the AAP in Punjab and Goa. The Aam Aadmi Party leader also told the media here that former cricketer Navjot Singh Sidhu’s decision to join the Congress won’t have any impact on the Punjab assembly battle.Kejriwal was asked to respond to an Election Commission notice that he appealed to Goa voters to take money offered by other political parties but vote for the AAP. The BJP complained to the poll panel.He said he had faced similar allegations ahead of the Delhi assembly elections of 2015 too and the court ruled in his favour saying he was not encouraging bribery.EC notice to Kejriwal for ‘bribery’ remark at Goa rallySidhu “will make no difference” to the February 4 election to pick a 117-seat Punjab assembly, Kejriwal said.

A former BJP MP, Sidhu has joined the Congress after initially toying with the idea of entering the AAP. “Sidhu has lost all significance,” the AAP leader said.Kejriwal reiterated that Punjab Congress chief Captain Amarinder Singh had decided to contest from Lambi constituency too so as to cut the anti-Akali votes and thus help Punjab Chief Minister Parkash Singh Badal.“lotus curtains blacktownOur candidate Jarnail Singh’s campaign was going great in Lambi. butterfly blessings shower curtain at walmartSo Badal requested Amarinder (Singh) to contest from Lambi so that the anti-Akali votes will get split.”compare prices coloroll curtains and blindsKejriwal demanded to know why Amarinder Singh, also contesting from his traditional Patiala seat, had suddenly decided to take on Badal at Lambi when he had never done so for three decades.“curtains dugdale centre

Until now the Akalis used to field weak candidates against the Congress leaders and vice-versa. For the first time the AAP has fielded its senior leadership against the Akalis.”It was not only important to defeat the Akali leaders politically but to prosecute them too for their crimes, Kejriwal said.Kejriwal is the poster boy of the AAP in Punjab. He again stated on Tuesday that the party will elect a Chief Minister only after winning the election.The three main contestants in Punjab are the ruling Akali Dal-BJP coalition, the main opposition Congress party and the AAP, a first timer.Delhi chief minister and AAP convener Arvind Kejriwal. Cracking the whip, the Election Commission has censured Delhi chief minister Arvind Kejriwal for his bribe remarks made at a poll rally in Goa and said if he continues to violate the model code, stern action would be taken against him and his party, including suspension or withdrawal of recognition to AAP.“The Election Commission hereby censures you for violating...provisions of MCC (Model Code of Conduct) and expects that you shall be more circumspect in your public utterances during election time.

Arvind Kejriwal denies bribery charge, says Sidhu no factorArvind Kejriwal reiterates ‘take bribe, vote for AAP’ appeal despite EC notice“You may also note that in case of similar violation of MCC in future, the Commission shall take stern action against you and your party, using all powers available to it including action under Para 16A of the Election Symbols (Reservation and Allotment) Order, 1968,” it said in its order issued yesterday.Para 16A gives the poll panel power to “suspend or withdraw recognition of a recognised political party for its failure to observe Model Code of Conduct or follow lawful directions and instructions of the Commission”.While issuing him show cause notice on January 16, the Commission had quoted him as saying at an election rally that Congress and BJP will come to distribute money. People should accept it in new currency and ask for Rs 10,000 instead of Rs 5,000 keeping in mind the inflation. He had said that the vote should go to AAP.EC notice to Kejriwal for ‘bribery’ remark at Goa rallyPunjab elections: Notice to AAP on Kejriwal’s ‘accept money’ remark Reacting to the order, Kejriwal said EC is wrong and he will challenge it in the court.“

EC order angst me completely wrong. Lower court gave order in my favor. EC ignored court’s order. Will challenge EC’s latest order in court,” Kejriwal tweeted.In March 2006 a Company called Logical Buildwell Private Limited (LBPL) was formed. Within months, in 2 separate transactions, LBPL bought a stake of 73.38% in a company called Dehradun Tea Co. Ltd (DTC) by taking over its shares at a total price of around Rs 115 Crores. DTC was a 150-year-old listed company on the defunct Calcutta Stock Exchange. So what did LBPL see in DTC, for which it was ready to pay such a huge amount? DTC owned “1,127.48 acres of under tea gardens, factory, coolie lines, self-cultivation and fruit orchard, aromatic grasses and under roads” Coming back to LBPL, how did they fund this acquisition? Within days of its formation, LBPL received an unsecured loan, officially classified as “advance against land”, from Emaar MGF in the form of an unsecured loan. According to its balance sheet for the year ended March 31, 2006, the company owed Rs 76 crore to Emaar MGF.

So who owned LBPL? On May 31, 2006, the shares in LBPL were transferred to Emaar MGF Group Financial Controller Vijay Sajjanhar and Assistant General Manager (finance) Gautam Kalani, and they took charge as directors of the company. Further, the shareholding also changed significantly days before the public announcement of the deal was made on July 13, 2006. On July 1, Logical received an investment from two companies, Amardeep Properties and Compact Properties in the form of subscription to preference shares. And both these companies were rather generous to LBPL too. Firstly, they bought Rs 10 redeemable preference shares of two-month-old LBPL, which carried a meagre 0.1% as Interest, at a premium of Rs 110 per share. Additionally, they also bought 4 million shares each, thereby giving Rs 96 crore to the company. And who are the promoters of Amardeep Properties and Compact Properties? They are Surender Verma and Chintan Dewan, the same Emaar MGF employees who floated LBPL in the first place.

So to summarize, a company (LBPL) floated by Emaar MGF employees, got transferred to 2 other Emaar MGF employees, and got an unsecured loan from Emaar MGF, and got cheap share capital from 2 companies again owned by Emaar MGF employees. This LBPL bought a 73% stake in defunct company (DTC) for Rs 115 crores odd. The only thing worth value in DTC was the land it owned. Further as per the DRHP filed by Emaar (Page 67 Here), Emaar claims to own 1129 Acres of land in Dehradun. 1129 odd acres of land in Dehradun owned officially by LBPL and 1129 odd acres claimed to be owned by Emaar MGF in a separate document. Going ahead, LBPL changed its name to Loam Realtors Private Limited (LRPL). Amardeep Properties becomes Alcove Realtors and Compact Properties becomes Cameo Realtors. Circa 2015 the ownership of Alcove and Cameo changed hands from employees of Emaar MGF to Shilpa Gupta wife of Shravan Gupta the Managing Director of Emaar MGF. Now the story progresses. The 1128 Acres of land owned by DTC was intended to be sold off to Uttarakhand Government for a price of Rs 1728 Crores for the Smart City project.

Remember, the price paid by LBPL to DTC (which owns the land) to acquire a controlling stake was Rs 115 Crores. Further in Uttarakhand the land ceiling laws do not allow such a large holding of land, so was this web of companies created to circumvent these rules? Also, the Tea Board manual requires that prior permission must be taken to admit a “partner”. If yes, on what basis did the UPA Government give permission to take over tea estate gardens to a real estate Company? A detailed study into ownership and management pattern of Emaar MGF reveals the following facts about the group: The common Director in Emaar MGF and DTC holding entities is one Mr. Rakshit Jain who was the General Manager Finance at State Industrial Development Corporation of Uttarakhand (SIDCUL). Shilpa Gupta is the wife of Shravan Gupta who own the MGF group of Cos MGF Group was set up by V.P. Gupta. VP Gupta is the grandfather of Shravan Gupta and Kanishka Singh Kanishka Singh, is often described as a long-time close “aide” of Rahul Gandhi and Priyanka Gandhi.