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Showing posts from October 28, 2012

Robert Vadra’s Midas touch is based on inside info

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Robert Vadra is a lucky man. A very lucky man indeed.

People sell land to him and do not demand money in exchange immediately. This is not money running into a few thousands or a few lakhs, but it’s more than a few crore.

State governments give him information for free on where their projects will come up, so that he can get into the act early. At least two government, Rajasthan and Haryana, seem to be eager to help Vadra’s business ventures.
Today’s edition of Business Standard  explains how it all started for Vadra. How the son-in-law of the first family of Indian politics got into buying and selling land.

Onkareshwar Properties sold 3.5 acres of land in Shikhopur near Manesar to Vadra’s Sky Light Hospitality some time in February 2008 (as an earlier report in The Hindu suggested). Sky Light Hospitality as on 31 March 2008 had an issued capital of Rs 1 lakh. This was the money Vadra and his mother Maureen (who owned 0.2 percent of the company) had put into the company for business. The …