Gadkari's fraud exposed

New Delhi: It all started with a sting operation on former BJP President Bangaru Laxman and now it has reached the present president Nitin Gadkari. Do not forget Yeddyurappa and company. Now pressure continues to mount on BJP President Nitin Gadkari, who is facing serious allegations of corporate fraud, with more questions being raised on the source of funds for Gadkari's Purti group.
Gadkari happens to be one of the seven promoters in the company. Interestingly, five of his close associates are directors in the 16 companies which pumped in money and gave loans to Purti. Also, the addresses of investing companies are also dodgy as 11 directors of the companies have a common address. Moreover, five of the Purti's holding firms are registered in a Mumbai slum. Four other shareholders are registered in an under-construction building meant to house slum dwellers in the city.

Corruption in BJP, Bengaru started Gadkari follows

It is not surprising to see Bharatiya Janata Party (BJP) which claimed that it is on the fore-front to fight against corruption is now backing a person accused of serious charges of corruption and mis-use of power. The party now stands fully exposed on its stance on corruption when senior BJP leader LK Advani openly supported BJP President Nitin Gadkari.
The allegations are not silly. Gadkari took a loan of 164 Rs crore from a company to whom he had given various benefits as a PWD Minister of Maharastra. Therefore, under the prevention of corruption act, if a public servant receives any kind of gratification for himself or any other person from a company with whom he has official dealings as a public servant than that amounts to corruption under prevention of corruption act.

From Bengaru to Gadkari, BJP's corrupt face exposed

Gadkari likes to call himself a social entrepreneur, and his company, Purti Sugar Ltd. is sort of cooperative that is owned by the farmers it was meant to benefit. The bulk of Purti is owned by just 18 companies. These companies invested about Rs 2-4 crore each, to form the bulk of Purti's paid up capital of Rs 68 crore. This, essentially, was Purti's start up money.
So who are these companies that financed Purti, and as a result, own it? Their balance sheets on the website of the ministry of company affairs offer very little detail. Most of the addresses are fake and non-existent. Two of the firms — Swiftsol India and Earnwell Traders — are registered at a chawl in the Mumbai suburb of Malad, surprising for companies which have invested about Rs 4 crore in Purti. None of the residents at the given addresses had heard of Swiftsol or Earnwell. The same dead end at the addresses of Chariot Investrade, Regency Equifin, Leverage Fintrade, etc scattered across suburban Mumbai and Kolkata.

Gadkari-gate: BJP's double face on corruption exposed

Gadkari said he can't remember all his 10,000 shareholders, a weak claim given that we were only asking him to reveal the identities of 18 entities that own his company. There is one investor whose identity is known. Ideal Road Builders purchased shares worth Rs 1.85 crore in Purti in 2001, just over a year after Mr Gadkari demitted office as Maharashtra's public works department minister. During his tenure, Ideal was awarded a number of contracts by the PWD department, which eventually led to it becoming one of Maharashtra's leading toll road companies. DP Mhaiskar, founder of Ideal Road Builders, also bought shares worth about Rs 2 crore in Purti. Together, IRB and Mr Mhaiskar control about 8% of Purti Group. Should a toll road company, which has received contracts under Mr Gadkari's tenure, invest in a venture set up by him, that too so soon after his demitting office?
In 2010, Purti Group received a secure loan of Rs 165 crore from a company called Global Safety Vision, which has DP Mhaiskar as its director. With this one loan, Purti was able to repay all its outstanding debt. Surprisingly, in its last regulatory filings, Global Safety Vision had only Rs 1 lakh paid up capital. Mr Gadkari said he was happy to explain. He said Mr Mhaiskar and he are close friends. So close that Mr Mhaiskar and his family put up a large chunk of their shares as collateral to raise loans for a new power project. They gave about a fourth of that loan to Purti. Where is this power project coming up? Bang next to Purti's factory. On the land sold to the Mhaiskars by Mr Gadkari.
But the BJP seems to be happy with its president and they have been strongly defending him. RSS keeps mum. When the BJP demands resignation of Congress persons, on charges of corruption, its president who is now thoroughly exposed, still remains the skipper of Team BJP. At a time when the BJP is trying to reap benefits from the allegation against Congress, it stands now completely dump-mouthed when its own captain is under scanner. There is saying which will suit BJP the most, "First introspect before raising fingers against others".

Gadkari again in trouble: Compares Swami Vivekananda with Dawood Ibrahim

BJP national leader Nitin Gadkari on Sunday evening created yet another controversy by comparing the intelligent quotients (IQ) of Swami Vivekananda with that of underworld don Dawood Ibrahim.
Speaking at the Ojaswini felicitation programme to honour leading women from various fields, Gadkari said, "The IQ of both Swami Vivekananda and Dawood Ibrahim would be similar, but their direction in life is so different. One used his intelligence for destructive purpose, to damage society and humanity with the spread of crime and terror while there was the other used his intelligence for the benefit of society. His thoughts remain an inspiration for

Revolt in BJP: Senior leaders also want Gadkari to go

In an interview to a private TV channel, senior BJP leader Ram Jethmalani said that three top party leaders Yashwant Sinha, Jaswant Singh and Shatrughan Sinha share his views that Nitin Gadkari should quit as party chief. Ram Jethmalani claimed that the three leaders are in touch with him. He also argued that no leader within the party had till now opposed his views on Gadkari.
Rajya Sabha MP Ram Jethmalani on Tuesday also said that Nitin Gadkari should resign from his post in the interest of the pary and the nation. "I don't want Nitin Gadkari as the party president for a second term," Ram Jethmalani said. He also said that Gadkari should be out of office pending probe.
Ram Jethmalani's outbursts come a day after his son Mahesh openly revolted against Nitin Gadkari and resigned from the party's national executive. He said that he fully endorsed the step taken by his son against the party chief.

Ram Jethmalani demands Gadkari's resignation

Senior BJP leader and Rajya Sabha MP Ram Jethmalani once gain put the BJP in embarrassment as he claimed that several top leaders in the party are against the continuance of Nitin Gadkari as party president. The noted lawyer on Tuesday also said that Nitin Gadkari should resign from his post in the interest of the pary and the nation. "I don't want Nitin Gadkari as the party president for a second term," Ram Jethmalani said. He also said that Gadkari should be out of office pending probe.
In an interview to a private TV channel, Ram Jethmalani said that three top party leaders Yashwant Sinha, Jaswant Singh and Shatrughan Sinha share his views that Nitin Gadkari should quit as party chief. Ram Jethmalani claimed that the three leaders are in touch with him. He also argued that no leader within the party had till now opposed his views on Gadkari.
Ram Jethmalani's outbursts come a day after his son Mahesh openly revolted against Nitin Gadkari and resigned from the party's national executive. He said that he fully endorsed the step taken by his son against the party chief.