The Enforcement Directorate (ED) has filed a chargesheet against businessman Robert Vadra, alleging he laundered Rs. 58 crore in proceeds of crime through a fraudulent land transaction in Gurugram’s Shikohpur village.
Fraud Land Deal
According to the ED’s chargesheet, Robert Vadra’s company, Sky Light Hospitality Pvt Ltd (SLHPL), purchased 3.5 acres of agricultural land in Shikohpur for Rs. 7.5 crore in 2008. The land was later sold to real estate developer DLF for approximately Rs 58 crore, generating a profit of over Rs. 50 crore. The ED claims that Vadra received Rs. 58 crore as proceeds of crime from this transaction, with Rs.5 crore routed through Blue Breeze Trading Pvt Ltd (BBTPL) and Rs.53 crore through SLHPL.
Utilization of Illicit Funds
The ED’s chargesheet further alleges that Robert Vadra utilized these illicit funds to acquire immovable properties, make investments, provide loans and advances, and settle liabilities of group companies linked to him. These actions are said to constitute money laundering under the Prevention of Money Laundering Act (PMLA).
Political and Legal Implications
This chargesheet marks a significant development in the long-standing investigation into Robert Vadra’s financial dealings. The case has attracted political attention, with Congress leaders distancing themselves from the allegations. Robert Vadra has denied any wrongdoing and has vowed to cooperate with the authorities.
The Delhi court is expected to hear the matter on Friday, as the legal proceedings continue to unfold.
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