Lalit Modi row: Vasundhara Raje`s troubles mount over her shares in Niyant Heritage Hotels

Chief Minister of Rajasthan Vasundhara Raje

New Delhi/Jaipur, June 26: Troubles for the beleaguered Chief Minister of Rajasthan Vasundhara Raje mounted on Friday with the disclosure that she was the beneficiary of investments of over Rs 11 crore made by tainted IPL ex-commissioner Lalit Modi in her son’s company at a high premium.

An affidavit filed by Raje before the Election Commission showed that she had 3280 shares in Niyant Heritage Hotels, owned by her son Dushyant Singh, an MP.

Lalit Modi had reportedly invested over Rs 11 crore in this company at a huge premium of over Rs 96,000 per share of Rs 10.

Rajasthan BJP president Ashok Parnami on Friday said that Vasundhara Raje’s shares in the Niyant Heritage Hotels were birthday gifts from her son and daughter-in-law.

Parnami said: “Dushyant [Singh] ji and his wife Niharika are the share holders in the Niyant Heritage Pvt Ltd. Niharika from her personal shareholdings gifted 1,615 shares to Vasundhara Raje on her birthday. Along with that, her son Dushyan 1,665 shares had gifted to her. This has been transferred from their personal share holding.”

He further said: “Chief Minister Vasundhara [Raje] ji has shown these shares in her Income Tax Returns and these have been made known to the Election Commission as well. There are no irregularities at all.”

Earlier in the day, the Congress party stated that Raje’s election affidavit proves her direct financial involvement with Lalit Modi and called for her resignation.

Congress leader Ajoy Kumar had said: “Vasundhara Raje’s 2013 election affidavit corroborates that she has 3280 shares in the Niyant Heritage Hotels. These documents now prove a direct financial involvement of Rajasthan’s Chief Minister with Lalit Modi. Raje’s election affidavit proves that she and Lalit Modi, a fugitive, are business partners.”

(With Agency Inputs)

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