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In simple English, these are called sweetheart deals: Arun Jaitley in press conference on OpIndia expose about Rahul Gandhi’s lucrative deals

"Who was the tenant here? A company called FTIl whose promoter Jignesh Shah took Rs. 5000 crores from 16,000 investors and did not return anyone's money", said Arun Jaitley

Union Finance Minister Arun Jaitley addressed a press conference today on the OpIndia expose of Rahul Gandhi’s property deals with scam accused FTIL and Unitech. Earlier, he had written a post on Facebook on the matter. “Reports were published on a website which was, later on, picked up by others. I have personally gone through these reports,” he said.

Jaitley stated, “A sham make-believe tenancy was created. When the capital was created, then approach a dealer who is going through some personal problems as well. He will make an agreement to sell. The property would take years to build, so through an assured scheme, he will start paying money on the initial instalment that was made.

In the end, a significant chunk of the initial payment that was made has been earned back as well and in addition, commercial property has been gained. He then proceeded to add, “Who was the tenant here? A company called FTIl whose promoter Jignesh Shah took Rs. 5000 crores from 16,000 investors and did not return anyone’s money.”

“The developer he got was Unitech’s Shri Sanjay Chandra. He was involved in the 2G investigation. For the past one and a half years, he is in jail as per the directions of the Supreme Court. It wasn’t rocket science for Rahul Gandhi to identify the scamsters he was dealing with,” Jaitley said. “In simple English, these are called ‘sweetheart deals’,” he added.

The OpIndia report Arun Jaitley referred to can be read here.

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OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

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