Look at the way he defends himself to NDTV-’It is not wrong to accept money from some body who had been benefited-I am the most Popular Politician , I have raised over 4000 Crore’.
Is it the reason why he is quiet on Maharashtra Irrigation Scam?( read my blog on this).
Most of the addresses of his company directors are fakes.
17 addresses from the same house!
Some of them exist only on emails.
Gadkaris’ driver is MD of Gadkari’s Company!
Look at his web of deceit.
Worth probing if there is any link between him Jayaswal and Coalgate scam as well.
Mr Gadkari was the Public Works Department Minister of a Shiv Sena-BJP government in Maharashtra in 1995-99, when a company called Ideal Road Builders was awarded hefty contracts. Ideal did remarkably well in those years – its turnover rose from Rs.41 crore in 1996 to Rs. 67 crore in 1999.
A little after Mr Gadkari demitted office, in 2001, Ideal Road Builders invested in Mr Gadkari’s Purti group of companies in 2001, picking up almost Rs. 1.85 crore of shares. Ideal Road Builders has since become a subsidiary of IRB Infra Developers Limited. IRB infra developers, in a response to a questionnaire from NDTV, said in an email, “Ideal Road Builders Private Limited made an investment of Rs. 1.85 crore in equity shares of Purti Sakhar Karkhana in 2001. At that time, investment in sugar factory in Vidarbha region was felt to yield promising returns.” Mr DP Mhaiskar, the founder of the Ideal Road Builders, also invested in approximately Rs. 2 crore of shares. Together, they control about eight per cent of Purti Group.
In financial year 2010, the Purti Group received a loan of 165 crores from Global Safety Vision, a company started by DP Mhaiskar. With this one loan, Purti was able to repay all its outstanding debt. Surprisingly, in its last regulatory filings Global Safety Vision had only 1 lakh paid up capital.
Opponents allege that these loans and investments are quid pro quo. But Mr Gadkari today vehemently denied that, saying that he has not done any favours to Ideal Road Builders. He defended his ties with businessman and founder of Ideal Road Builders, DP Mhaiskar saying, “I can accept equity from anyone, there is nothing wrong. I am friends with Mr Mhaiskar and many contractors are my friends… Purti has losses of 64 crores, Mhaiskar loaned me 165 crores from his company, and I have repaid him 64 crores.” Meanwhile, no response was forthcoming from Mr DP Mhaiskar despite sending him two detailed questionnaires.
But there are other questions about the investors of the Purti Group, which has eight group companies that range from power, sugar, ethanol, alcohol, bio diesel among others.
NDTV’s investigation found many ‘mystery’ owners and investors. While the total share capital of the company is Rs. 68 crore, almost Rs. 50 crore comes from about 18 such companies. In other words, these companies own 70 per cent of Purti. Mr Gadkari, who is shown as Chairman on the company’s website, only owns about 200 shares.
When we set out to find these companies and its directors across various cities we hit a dead end. Two of the firms – Swiftsol India and Earnwell Traders are registered at a chawl in the Mumbai suburb of Malad where there is no trace of any company. A family has been living there for over 20 years and have never heard of any such company. At another address on Hajibapu Road, again in Malad are the registered offices of Chariot Investrade, Regency Equifin and Leverage Fintrade but again all we find is a family who is clueless about these companies. These companies have made investments worth Rs. 17 crores in Purti. Similarly in Kolkata, our correspondent went looking for an office on MD Road and was told none exists. Tracing the directors of these companies – some of whom are common – too was futile.’
Sudhakar Madke, a driver, and Suresh Atram, a peon, working in firms set up by BJP MP Ajay Sancheti, said to be close to party chief Nitin Gadkari, bought a flat each worth Rs 60 lakhs in the controversial Adarsh society, Times of India reported quoting an unnamed senior bureaucrat.
Vishal Kedari, a vegetable vendor in Pune cantonment area, with an income of less than Rs 10,000 p.m., also bought a flat worth Rs 60 lakh in Adarsh society, the report said.
In his deposition before the commission probing the Adarsh scam, Sudhakar Madke, who has never visited Mumbai, submitted that he had been granted an unsecured loan of Rs 60 lakh by his employer. Similarly, Atram also secured a Rs 60 lakh loan from Sancheti.
The report said, Sancheti’s firm extended unsecured loans to 10 persons for buying a flat each in Adarsh society, and in return, secured undertakings from them, saying that in the event they were unable to repay the loan, the flats would automatically be transferred to Sancheti’s firm.
“Our information is that Madke, Atram and Kedari came to know that they were owners of the flats only after the Adarsh scam rocked the nation”, the bureaucrat told TOI.(India TV News)