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Posted at: Jun 18, 2015, 4:38 PM; last updated: Jun 18, 2015, 4:38 PM (IST)MODIGATE

Raje’s son got Rs 4-cr loan for hotel from Lalit: Cong

Tribune News Service

New Delhi, June 17

The Vasundhara Raje-Lalit Modi family equations travel beyond the BJP Chief Minister as documents released by the Congress claimed that the former IPL commissioner granted “unsecured” loan of nearly Rs 4 crore to a heritage hotel run by Jhalwar MP and Raje’s son Dushyant Singh.

The party said Lalit Modi’s company Anand’s Heritage Hotels Private Limited received a huge amount of Rs 21 crore from Vilton Investment Limited i.e. a Mauritius-based unknown entity.

It said, “In an apparent act of collusion, Lalit Modi’s company i.e. Anand Heritage extended a unsecured loan of Rs 3.8 crore and purchased 815 shares of Rs 10 each at a premium of Rs 96,190 per share for a total of Rs 7.8 crore in Niyant Heritage Hotels Private Lt – a company owned by Raje’s son Dushyant and his wife Niharika.”

“Incidentally, the total paid up capital of this company is only Rs 10 lakh. This by itself speaks volume about the relationship and complicity,” a document released by the party said.

The allegation is besides the admission by Lalit Modi that Raje accompanied his wife to Lisbon, Portugal, between August 1 and 4, 2014, “allegedly for her treatment”, while pointing out to an MoU between the medical centre where Lalit Modi’s wife was treated and the Rajasthan Government to set up an institution in Jaipur and allocation of 35,000 square meters of prime land for it.

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