Ambani dream house stands on shaky ground

Is the Maharashtra government dillydallying on ordering a CBI inquiry into the issue of the alleged illegal sale of Waqf land to industrialist Mukesh Ambani for his 27- storey ultra luxury home that is worth nearly $ 2 billion? The state government had received a letter from the Union government in June, asking it to consider ' referring' the matter to the premier investigating agency to probe the land deal. The state has, however, not taken any decision on the matter yet.

The land deal on Mumbai's posh Altamount Road has been embroiled in a controversy ever since Ambani began building his multistorey residence Antillia. On Monday, the issue was raised in the state assembly by Opposition leader Eknath Khadse.

He said the Rs 500- crore plot was shown to have been sold by the Karimbhai Ibrahimbhai Khoja Charitable Trust for just Rs 21 crore. The piece of land was originally reserved for educating children of the Khoja Muslim community.

Maharashtra's minority affairs minister Arif Nassim Khan said the state had received a letter from the Centre and had sought the opinion of the law and judiciary department.

" The legal department conveyed its opinion to the state home department on July 25," Khan said. But he did not reveal what the law department's stand was.

Khan further said a notice was served to the trust by the Maharashtra government in 2004 over the transaction. It was, however, withdrawn after the state got ` 16 lakh from the trust to regularise the deal.

Maharashtra home minister R. R. Patil said he would comment on the matter only after seeing the opinion given by the law and judiciary department.

This Waqf land deal has sparked rows earlier, too. In 2007, then minority affairs minister Anish Ahmed had mentioned a number of irregularities in the sale of the land and had asked the Maharashtra State Waqf Board to take back the plot. However, in a curious development, while the minister kept claiming the sale was illegal, then chief minister Vilasrao Deshmukh said there were no irregularities in the deal.

Incidentally, Ambani has still not started living in Antillia.

Latest News

  • Chair on Narayana Murthy set up at IIT-Madras

    Chennai, April 18 (IANS) Software major Infosys co-founder and IIT-Madras alumni Kris Gopalakrishnan on Saturday set up a Chair for computational brain research at his alma-mater named after his colleague NR Narayana Murthy, IIT-Madras said. This is the second Chair set up by Gopalakrishnan. Gopalakrishnan will set up a total of three Chairs each with an endowment of Rs.10 crore. …

  • BJP welcomes decision to review ITR Forms

    New Delhi, Apr. 18 (ANI): The Bharatiya Janata Party (BJP) on Saturday welcomed the government's move to review the new Income Tax Return (ITR) Forms that require disclosure of details regarding the bank ... …

  • New ITR Forms: 'Need to strike a fine balance', says tax expert

    New Delhi, Apr. 18 (ANI): With the government deciding to review the new Income Tax Return (ITR) Forms, tax expert Ved Jain on Saturday said asking for too many data can create a little problem and added ... …

  • New tax forms will be reviewed: Government

    New Delhi, April 18 (IANS) The new norm for filing income tax returns, which has evoked angry protests, will be reviewed once Finance Minister Arun Jaitley returns from Washington, top officials said here on Saturday. "The finance minister spoke to me from Washington. He said the government must be proactive and he quickly decided to review the new income tax returns' format," Revenue Secretary Shaktikanta Das told IANS. This was also one of the recommendation of the SIT on black money," …

  • Bharti Airtel clarifies its stand on net neutrality

    New Delhi, April 18 (IANS) Aiming to make the company's stand clear to customers on Airtel Zero, Bharti Airtel Managing Director and CEO (India and South Asia) Gopal Vittal on Saturday sent out an email to all its subscribers reiterating that it is completely committed to net neutrality. Net neutrality means that governments and internet service providers should treat all data on the internet equally, therefore, not charging users, content, platforms, sites, applications or modes of …

  • Govt. to review ITR Forms

    New Delhi, Apr. 18 (ANI): Prime Minister Narendra Modi-led government at the Centre has decided to review the new Income Tax Return (ITR) Forms that require disclosure of details regarding the bank accounts ... …

  • Despite poor quarterly results, foreign investors remain

    New Delhi, April 18 (IANS) Despite poor quarterly earnings by corporate India, foreign investors continued to pump cash into the country's equity markets during the week ended April 17. The Foreign Portfolio Investors (FPIs) remained net buyers in the Indian equities market for the week ended April 17, they bought stocks worth only Rs.914.12 crore or $146.55 million, according to the data with the National Securities Depository Limited (NSDL). However, the foreign investors sold stocks worth …

  • Reliance to restart all petrol pumps by fiscal end

    Mumbai, April 18 (IANS) Reliance Industries, the $66-billion oil refining to retail trade giant, hopes to re-start by the end of this financial year all its 1,400 retail outlets to sell petroleum fuels. In a presentation on the company's corporate results for the financial year ended March 31, 2015, Reliance Industries said it has already re-started 320 ot its petrol-diesel pumps, following the complete de-regulation of transport fuels. …

DON'T MISS

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    27.65-0.20-0.72%
    SUZLON.BO
    14.49+0.69+5.00%
    DRDATSONS.BO
    62.05+4.80+8.38%
    SANGHIIND.BO
    16.81+1.57+10.30%
    MOREPENLAB.BO
    310.10-2.15-0.69%
    ICICIBANK.BO
  • Price % Gainers
    Price % Gainers
    NamePriceChange% Chg
    12.070.000.00%
    ARISINT.BO
    14.000.000.00%
    ZPPOLYSA.BO
    18.250.000.00%
    GSS6.BO
    108.90+18.15+20.00%
    KANDAGIRI.BO
    106.65+17.75+19.97%
    KALPACOMME.BO
  • Price % Losers
    Price % Losers
    NamePriceChange% Chg
    451.600.000.00%
    UPL6.BO
    850.100.000.00%
    YESBANK6.BO
    68.45-16.75-19.66%
    BEEKAY.BO
    44.70-10.45-18.95%
    HPCBL.BO
    18.25-3.15-14.72%
    CONART.BO

QUOTES

 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.