Thursday April 17th 2014

Probe against Nitin Gadkari’s firms begins

Amid allegations of dubious funding into the companies of BJP chief Nitin Gadkari, the Corporate Affairs Ministry today said it is looking into investments made in his companies.

A senior Corporate official of the ministry was responding to a query by PTI on whether the Ministry has started probe into allegations of dubious funding into Gadkari’s company.

Embarrassing details have come out about the alleged dubious funding of Maharashtra-based Purti Power and Sugar Ltd, run by Mr. Gadkari.

On Tuesday, Corporate Affairs Minister Veerappa Moily had said that Registrars of Companies would inquire into the allegations.

Media reports claim that major investments and large loans to Purti were made by a construction firm Ideal Road Builders (IRB) group, which had won contracts between 1995 and 1999, when Mr. Gadkari was PWD minister in Maharashtra.

The BJP chief, who was scheduled to come back to Delhi has cancelled his visit.


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