TIL Desk/National/New Delhi/ The BJP has accused former Law Minister and Congress leader Kapil Sibal of being involved in a “land scam” claiming that he bought a piece of land in Delhi worth crores for a “very small price” from an accused in a money laundering case.
Referring to a report by a website alleging that Sibal acquired the land by paying just Rs 1 lakh, Information and Broadcasting Minister Smriti Irani said Sibal and his wife got the ownership of a company, Grande Castello, from a Piyoosh Goyal, a businessman.
Quoting the newsreport, Irani said, “Grande Castello, with no business in Financial Year 2013-14, commenced purchase of a piece of land, which eventually cost Rs 45.21 crores. To fund, this, the company raised interest-free loans and book overdrafts.
“Once the land was registered in the company’s name in 2014-15, the company decided to revalue the aforesaid land based on the ‘Market Value’ as per valuation report obtained from the Government Registered valuer, thus raising the value of the land by Rs 43.79 crores to Rs 89 crore, almost doubling the value,” she said.
Firing salvos at Congress President Rahul Gandhi, Irani said, “If Sibal wants do to a business deal with a man accused of money laundering is his choice… But is it acceptable to Rahul Gandhi?”
Related Posts
