No criminality in land conversion: CBI on DLF issue
In the permission given to the country’s largest real estate company DLF to construct a high-rise luxury apartment complex in the vicinity of Rashtrapati Bhavan, the CBI has not found any criminality which had led to security concerns.
In July last year, the CBI had registered a preliminary inquiry against unknown officials of Urban Development Ministry, on the basis of a complaint received through the Central Vigilance Commission. The allegations involves conversion of land use from dairy farming to residential complex.
The inquiry has been closed, after finding no criminality in the case as informed by highly placed CBI sources.
They said Change in land use was part of government policy decision and allegations that officials favoured a private builder could not be proved.
The ministry has handed over the nod to DLF, to construct a four storeyed luxury apartment complex on the land.
The company refused from all the allegations saying, these are in variance with facts, are false and baseless.
DLF said in a filing to the Bombay Stock Exchange, that over a decade ago, EKSPL was acquired by the company in a private transaction. The requisite approvals have been sought pursuant to court directions obtained after protracted litigation and by strictly following due process in this regard.
Source: Business Line
Bombay Stock Exchange, CBI, Central Vigilance Commission, Dairy farming, DLF, EKSPL, Rashtrapati Bhavan, Residential complex, Urban development ministry
