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Vadra used Gandhi's name to make millions

Vadra used Gandhi
Highlights

Vadra Used Gandhis Name to Make Millions, At a time when corruption is dominating the ongoing electoral process in the country, which is witnessing a kind of voter revolt against the ruling Congress party, an explosive report on the rise of Robert Vadra, the son-in-law of UPA chairperson Sonia Gandhi, is further likely to dampen the spirit of the voters and add to their resentment.

Vadra Used Gandhis Name to Make MillionsNew Delhi: At a time when corruption is dominating the ongoing electoral process in the country, which is witnessing a kind of voter revolt against the ruling Congress party, an explosive report on the rise of Robert Vadra, the son-in-law of UPA chairperson Sonia Gandhi, is further likely to dampen the spirit of the voters and add to their resentment.

A report published by the “Wall Street Journal” focuses on Robert Vadra's journey from a lesser known individual to a member of the all-powerful Nehru-Gandhi family, which has ruled the country for nearly 60 years, to becoming a real estate tycoon. The WSJ in its report states how Vadra bought large tracts of arid agricultural land in a small town 'Kolayat' in western Rajasthan in 2009 and other parts of the country. The WSJ report further claims that shortly after Vadra began purchasing large tracts of lands, the Congress government at the Centre announced plans to promote large-scale solar energy production, a land-intensive project for which the area was well-suited.

Vadra continued buying the land, and in 2011 the government, too, announced solar incentives. During this time, the value of land purchased by Sonia Gandhi's son-in-law increased six-fold within three years, as per the state record of land transactions, the WSJ report claims. Though several cases of alleged wrongdoings were filed against Vadra to ascertain whether there were any legal violations, no legal authority ever accused him of any misconduct.

Tracing the early life of Vadra, the WSJ reported that the 44-year-old son-in-law of Sonia Gandhi, with a high-school education and no formal experience in the real estate sector, amassed huge wealth during the decade after Congress came to power in 2004.

“Based on a review of company filings, land records and interviews with property experts, the Journal calculated that through 2012, Mr Vadra sold more than $12 million of property, and as of then he still held real estate valued at about $42 million. It isn't clear whether Mr Vadra's companies have sold any more real estate since then because company filings for the past two years aren't available on government websites,” the WSJ report said. The WSJ report further states that Vadra used to run a small business - exporting inexpensive costume jewellery - when Congress led by Sonia Gandhi came to power in 2004. Vadra ventured into the real estate business in 2007 and formed a firm called Sky Light Hospitality Private Ltd with less than $2,000, according to company filings at the Registrar of Companies of the Ministry of Corporate Affairs in New Delhi.

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