Corpn. Bank falsifies claim of Vadra, denies OD of Rs. 7.94 Cr ?

New Delhi, October 13, 2012 – News n Analysis by Dr. Raj Baldev, on the issue of Rs. 7.9 Crore Transaction between Mr. Robert Vadra and the Corporation Bank, and now with the new twist, how far the Govt. can forego such an official transaction?

The Corporation Bank has assured the enquiry officer that they have not advanced an overdraft to Mr. Vadra’s companies and this denial has apparently changed the game.

It looks that some of the allegations leveled by Mr. Kejriwal might be correct. If so, the position of Congress may get thinner and stripper despite their denial on every transaction.

This is such an exposure that even Ms. Sonia Gandhi looks to be worried within herself. So much so it is reported that Mrs. Priyanka Vadra was also the director of one of his companies in 2008.

If this is correct, the things may not go right in favor of Mr. Vadra, Mrs. Priyanka, Sonia Gandhi and finally Rahul Gandhi.

Mr. Ajai Kumar, CMD of Corporation has confirmed to media that no such transaction has taken place further confirming he has checked all relevant records.

In the annual report of 2007-2008, a firm of Mr. Vadra namely Sky Light Hospitality claimed an overdraft of Rs. 7.94 crore from the bank.

Moreover, it was the first year of the operation of the company having a paid up capital of Rs. 1 lakh and at the end of the year the company claimed that it had the fixed assets of Rs. 7.95 crore.

The directors of the company were Mr. Robert Vadra, his mother Maureen, they are reported to have then said to their shareholders “the company has purchased land measuring 5 bighas and 12 biswas in Sohna Tehsil of Haryana for Rs. 7.94 crore.”

It also revealed that the entire amount was taken as a bank draft out of which the land was purchased.

In its annual report for 2007-08 financial year, Vadra’s firm Sky Light Hospitality claimed an overdraft of Rs 7.94 crore from the bank.

However, the denial by Corporation Bank has created a doubt how far the claim of Mr. Vadra is correct, as shown in the annual statement of his company.

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Dr. Raj Baldev, Cosmo Theorist

About Dr. Raj Baldev, Cosmo Theorist

Dr. Raj Baldev, Cosmo Theorist, Ph.D., D. Litt., D Sc. (H.C), Editor-in-Chief of International Reporter, Chairman Media International Ltd., Born on 15 January 1927 in Montgomery, now in Pakistan. Internationally known, man of letters with over dozen of books and thousands of articles to his credit on various subjects including theories on the Creation of the Universe, the Black Holes, Supernovas and other functions of the Universe, Nature and Life , which he described both ways, philosophically and scientifically. He further elaborated how the entire Cosmos were formed. He holds spiritual wisdom of predicting and curing powers of the human problems, so much so, he is popularly known as Destiny Repairer, hence people call him with respect as Swamy Ji. He got the privilege of leading various Parliamentary Delegations abroad on good will missions; he also got the privilege of being invited by differnt Heads of State on state visits. He is the Founder of God Believers (GBA) who place belief in “FAITH”, Universal Modern Religion. FAITH is not a religion but a human service, an encyclopedia of creating healthy balance between Science and God. The main purpose of this mission is to defend the Identity of God from Scientists on one hand and to help fight Global Environmental Abuses, to create awareness of high risks of Excessive Nuclear Stockpiles, global service to the Human Rights and Justice on the other. He is a very simple man, he commands special respect as a holy man with high spiritualism and people address him as His Holiness. He is equally dedicated to the cause of media and journalism where he has been serving the people through his writing for over 50 years; he has also served as Member of Press Council of India. His main aim is to serve the humanity and all kinds of life on the Earth, to serve the elders, women and children, the blind, crippled, lepers and the needy, he is committed to save the Mother Earth from the abuses caused by humans and the nature through the social mission of God Believers (GBA), which also serves the World Peace. In short, he is a global social reformer. Google