Wednesday, December 5, 2012

Gujrat : Adani Power Scam : Modi sops to pvt cos cost Guj over 20k cr: Kejriwal

New Delhi: Aam Aadmi Party (AAP) members Arvind Kejriwal and Prashant Bhushan on Tuesday targeted Gujarat CM Narendra Modi, accusing him of giving away thousands of crores in land, gas and coal blocks to private companies at throwaway prices.

In their sixth “expose’’, Kejriwal and Bhushan said Modi had favoured Gujaratbased business house Adani Group on power purchase and land allotment besides giving gas fields worth Rs 20,000 crore to private companies — Jubilant Energy and Geo Global — for ‘free’, adding that their disclosures were evidence that the rivalry between Congress and BJP was a pretence and that the two parties were actually “business partners’’ in private.

Questioning Modi's credentials as '’vikas purush’ and claims about his honesty, the duo levelled a series of charges against the chief minister, targeting him for allegedly allowing Adanis to “walk away” with coal blocks without supplying power at cheap rates as per agreement.

Questioning the shortlisting process, Kejriwal said Geo Global, owned by Jean Paul Roy, was incorporated just six days before the agreement with GSPC and was expected to provide technical assistance. Not only did Geo Global admit to Securities and Exchange Commission in the US that it did not have the requisite expertise but the agreement gave the company gas fields free of cost.

A similar agreement by Mukesh Ambani’s Reliance with British Petroleum ended in the latter paying Reliance an amount of $7.3 billion (Rs 35,000 crore) to acquire 30% stake and to provide technical assistance.

BJP dismissed the charge as “motivated and mischievous”, with sources pointing to their old theory that Kejriwal-Bhushan had been attacking BJP figures only to fend off the perception of being biased against Congress.

Jubilant Energy (a subsidiary of Jubilant Enpro) rejected the allegation that it was favoured by Modi.

The Adani group too dismissed the allegations.

Courtesy:
TIMES NEWS NETWORK
http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Archive&Source=Page&Skin=TOINEW&BaseHref=TOIM/2012/12/05&PageLabel=13&EntityId=Ar01301&ViewMode=HTML

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