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Robert Vadra paid for land 6 months after registration with advance from DLF

This was a full two months before DLF entered into a 'collaboration agreement' with Vadra's firm.

Robert Vadra’s first cheque of Rs 7.5 crore (dated February 9,2008) to Onkareshwar Properties for buying 3.53 acres in Gurgaon’s Shikohpur village remained un-encashed. In fact,his firm Sky Light Hospitality,which was the buyer,had a balance of just Rs 1 lakh in its account as of April 1 that year.

It was a Rs 8.05-crore “advance” from real estate giant DLF to Sky Light Hospitality,paid over one week in June that year,which bailed him out.

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This was a full two months before DLF entered into a “collaboration agreement” with Vadra’s firm.

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The Indian Express has learnt and DLF has confirmed that it paid Skylight Hospitality as per the following schedule:

* Rs 6.5 crore through a cheque of ICICI Bank on June 5,2008.

* Rs 1 crore on June 10,2008,through a cheque of Development Credit Bank


* Rs 55 lakh on June 12,2008,through a cheque of Development Credit Bank.

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A fixed deposit of Rs 8.05 crore was also opened on June 12.


It was from this account (CBCA 01/000129) that Sky Light Hospitality finally paid Rs 7.95 crore (Rs 7.5 crore purchase price plus Rs 45 lakh stamp duty) to Onkareshwar on August 9,2008,through cheque no. 978951 of Corporation Bank.

Incidentally,the first cheque — which Onkareshwar never cashed — was issued by Sky Light Realty,another of Vadra’s firms,but,curiously,not accounted for in its balance sheet of March 31,2008.

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When contacted,DLF said that it had already disclosed these transactions last year. It clarified,in an email response to The Indian Express: “We have paid Rs 5 crore as an advance (for the Shikohpur deal) in line with the normal course of business and as per industry practice.”

The balance of Rs 3.05 crore,sources said,was also an advance but part of a Rs 15-crore payment by DLF towards another land deal in Faridabad in Haryana with three companies of Vadra’s Sky Light group.


The Faridabad deal was reportedly called off by DLF in early 2011,sources said,after the real estate major found that the land titles of the 400 acres offered by Sky Light had “anomalies”. Subsequently,Vadra returned that full advance of Rs 15 crore.

Despite repeated attempts,the then Director of

Vadra paid for land six months after registration with advance from DLF Onkareshwar,Satyanand Yajee,did not respond to the repeated phone calls and text messages.


The fact that Vadra paid Onkareshwar six months after he had claimed to have paid him in his registration deed — and Onkareshwar played along — lies at the heart of allegations of irregularity in the report by Ashok Khemka,former Director General,Land Records and Consolidation of Holdings.

“Sky Light Hospitality got the Letter of Intent for the licence in March,DLF pays them an advance in June which is then used to pay the original seller. Clearly,Sky Light was hawking the licence and DLF was doing it a Rs 50-crore (the final price which DLF paid Sky Light Hospitality was Rs 58 crore,Rs 7.95 crore went to Onkareswar) favour,” Khemka told The Indian Express.

First published on: 21-08-2013 at 02:58:00 am
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