Ten years ago, I bought a new apartment under
construction in DLF Exclusive Floors, Phase V, Gurgaon. I took a loan
from ICICI Bank to finance my purchase. I made it explicitly clear to
the bank that I need the loan money disbursed to me on or before a
certain date by which I needed to pay DLF the balance amount. After
assuring me that the same would happen, ICICI Bank released the payment
three days late. DLF charged me interest at 20 per cent per annum for
the delay. I wrote to DLF and requested the Manager, Customer Services,
to waive off the interest since the payment delayed by just three days
was on account of the bank and I couldn't be blamed for it. DLF refused
to do so, in a letter to me, which is still in my possession.
Ten
years later, when I learnt that DLF gave away property worth Rs 300
crore for less than Rs 38 crore, it was hard to digest. The same firm
who refused to forego Rs 2,191 to me knowing fully well that I was not
personally responsible for the delay, let go Rs 262 crore to Robert
Vadra. Wait, the story gets even more mysterious. DLF gave Vadra an
interest free loan of over Rs 65 crore without any security to finance
his acquisitions. Why? Robert says he has known the DLF owners for a
long time and they are friends of his. Can anyone with a modicum of
intelligence buy this explanation?
While
it is okay to make concessions to friends, is it plausible to believe
that the DLF owners willingly relinquished over Rs 260 crore to Robert
purely on account of friendship? The Congress party came out in full
strength to defend the party president's son-in-law with some leaders
even calling up news channels to offer a sound byte on the issue. The
leaders can't be blamed as they saw this as an opportunity to please
Madam Sonia Gandhi. The Congress party has a history of rewarding
loyalty and this issue gave a perfect opportunity to earn brownie points
with the high command.
Resources : http://ibnlive.in.com/blogs/rajengarabadu/707/63958/robert-vadra-will-the-truth-ever-come-out.html
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