‘Black money’ transactions carried out between Lalit Modi & Vasundhara Raje’s son: Bhandari


In what seems to be a new twist in the whole Lalit Modi-Sushma Swaraj controversy, advocate Poonam Chand Bhandari has now claimed that former IPL chief Lalit Modi transferred crores of rupees to Rajasthan Chief Minister Vasundhara Raje’s son Dushyant Singh by using a fictitious company.

In a report by a news agency, Bhandari was quoted as saying, “Vasundhara Raje’s son Dushyant Singh and his wife Nihalika created a firm by the name Nihant Heritage Hotel Ltd. Rs 10 lakh was the official capital and they invested one lakh rupees, the price of the share was Rs. 10 (per share). Lalit Modi opened a company called Ananda Hotel Private Limited, he gave Rs three crore eighty lakhs unsecured loan to Nihant Hotel”.

“After that, he bought shares costing Rs 10 at Rs. 96, 190 (per share). It means that he diverted almost nine crore rupees plus three crore eighty lakh rupees of black money. These companies are fictitious, you won’t find them at the registered addresses,” Bhandari added.

Bhandari also stated that buying the shares at such inflated prices clearly show that black money was being transferred from one company to the other.
“These companies do not have any business, you won’t even find these companies; there is no profit or loss. Buying a Rs. 10 share at Rs. 96, 190 clearly indicates that black money is being transferred using these companies.I had informed this to the ED and they had said that they would investigate and take the matter to a logical conclusion,” he said.

Documents released by Lalit Modi’s lawyer show that Vasundhara Raje supported Lalit Modi’s immigration application to the UK in 2011. According to reports, Raje was a secret witness in Modi’s immigration documents.

On Monday, Lalit Modi’s lawyer claimed in during a press conference that Modi had followed all legal procedures to acquire his travel documents.

Sushma Swaraj has been in the eye of storm after it was revealed that she had allegedly committed an act of conflict of interest by requesting the British authorities to issue travel documents to Modi, who was wanted by the Enforcement Directorate in multi-crore scandal.