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Lalit investment lands Raje in trouble

By The Assam Tribune

NEW DELHI/JAIPUR, June 26 � Troubles for the beleaguered Chief Minister of Rajasthan Vasundhara Raje mounted today 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, reports PTI.

An affidavit filed by Raje before the Election Commission showed that she had 3,280 shares in Niyant Heritage Hotels, owned by her son Dushyant Singh, an MP. Lalit Modi had invested over Rs 11 crore in this company at a huge premium of over Rs 96,000 per share of Rs 10.

This disclosure generated charges that Raje had benefitted from Lalit 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 1,615 and 1,665 shares, respectively to Raje on her birthday, according to Parnami who saw nothing wrong with it.

As opposition Congress upped its ante demanding Raje�s ouster, Finance Minister Arun Jaitley met Prime Minister Narendra Modi and is understood to have discussed various aspects of the raging controversy, including the legal implications and the political fallout.

Jaitley, who last night had said that �nobody is tainted�, later met BJP president Amit Shah and is believed to have deliberated upon the party�s strategy to brazen out the massive row involving Raje as well as External Affairs Minister Sushma Swaraj.

High level BJP sources said tonight that there was �illiteracy� regarding the entire episode concerning Lalit Modi�s investments in Dushyant�s company. The company had taken a loan of Rs 4 crore in 2009 by cheque and another loan of Rs 7.5 crore in 2010.

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— Dalai Lama(THIS IS STATIC)

Lalit investment lands Raje in trouble

NEW DELHI/JAIPUR, June 26 � Troubles for the beleaguered Chief Minister of Rajasthan Vasundhara Raje mounted today 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, reports PTI.

An affidavit filed by Raje before the Election Commission showed that she had 3,280 shares in Niyant Heritage Hotels, owned by her son Dushyant Singh, an MP. Lalit Modi had invested over Rs 11 crore in this company at a huge premium of over Rs 96,000 per share of Rs 10.

This disclosure generated charges that Raje had benefitted from Lalit 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 1,615 and 1,665 shares, respectively to Raje on her birthday, according to Parnami who saw nothing wrong with it.

As opposition Congress upped its ante demanding Raje�s ouster, Finance Minister Arun Jaitley met Prime Minister Narendra Modi and is understood to have discussed various aspects of the raging controversy, including the legal implications and the political fallout.

Jaitley, who last night had said that �nobody is tainted�, later met BJP president Amit Shah and is believed to have deliberated upon the party�s strategy to brazen out the massive row involving Raje as well as External Affairs Minister Sushma Swaraj.

High level BJP sources said tonight that there was �illiteracy� regarding the entire episode concerning Lalit Modi�s investments in Dushyant�s company. The company had taken a loan of Rs 4 crore in 2009 by cheque and another loan of Rs 7.5 crore in 2010.

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— Dalai Lama(THIS IS STATIC)