HUDCO Place- Andrews Ganj-Delhi Scam continues until the Government Courts correct or undoes the scam. The Supreme Court has already corrected the issue twice, bypassing appropriate orders, giving freedom to said land.
HUDCO defrauded MS Shoes of Rs. 68.68 Crores (US Dollar 21.89 million) by concealing the material facts; no legal title until July 1997. The car park basement, as well as the guesthouses, restaurants, shops, remained illegal, unauthorized, without statutory approvals of the Municipal Corporation of Delhi, Delhi Urban Art Commission, and Fire Department.
The building plans for the hotel could not be sanctioned until the revised layout plans were approved in September 1999. Although a third-party authority was created by HUDCO of Five-Star Hotel land by allotting it to Leela Hotels Limited, subject to the outcome of suit by MS Shoes Limited Ltd. If MS Shoes had paid the entire amount as scheduled in the allotment letter by 1996, no light on the project would have been seen until 2002. As the building plans for the hotel could only be considered until September 1999.
In the present story of MS Shoes, Pavan Sachdeva was blindsided, making him believe the buildings constructed by HUDCO were developed with all approvals from the Government. At the time, no evidence showed a valid reason for concealing the material facts required for disclosure to MS Shoes as an investor in the projects.
The discriminatory treatment from HUDCO given to MS Shoes Limited Ltd, vis-à-vis Ansals is alarming, whose interest-free extensions of installment were granted considering the project in the public interest, as goodwill gestures. HUDCO and the Government continued to earn interest @ 18% p.a. compounded quarterly; earned the appreciation of the properties now worth Rs. 5000 Crores (US Dollar 657.89 million) while simultaneously in possession of the land.
What does the scam conclude in this series? Corruption? The discriminatory treatment of cheating deceitful actions by HUDCO and other parties involved. Not to mention the misuse of MS Shoes Money Rs. 68.68 Crores (US Dollar 21.89 million) for twenty-five years obtained fraudulently by HUDCO/Congress Government.
लेखक के बारे में
In the Hudco Land Scam Series, by Alborz Azar reveals the widespread corruption behind the precious Andrews Ganj land in the heart of New Delhi. A media condemned man whose innocence remained unknown struggles with the unfounded accusations which caused public opinion to falter, leading to a guilty sentence before any trial could be scheduled.
The victim behind the scam in this situation was MS Shoes; founder Pavan Sachdeva. Behind the lies and deception, a brilliant entrepreneur took the fall for the underhanded dealings of the Hudco Land Scam.
The same man accused of underhanded dealings fulfilled his debts due to these deceptive lies, with no compensation for the legally awarded settlement. Alborz proves how Pavan’s commitment not only caused financial stress on his family, but mental anxiety dealing with this issue for over two decades.
Yet, rulings go unanswered, Hudco ignores legal court findings to repay the ill-gotten monies from MS Shoes. The only response is more excuses as to why the court decisions have not been met by Hudco.
As the culprits hide in the shadows, Pavan struggled through court case after court case, proving his innocence. Official Supreme Court rulings were seen as frivolous orders to corrupt officers and business executives. Alborz brings light on the scam to reveal the truth that has deprived innocent victims of due justice for decades.
alborzaza.net
[email protected]
एक ही लेखक से अधिक ईबुक / संपादक
253,866 इस श्रेणी में ईबुक
