Emaar MGF Defends Rahul Gandhi, Calls Allegations Baseless

Emaar has said that their entire transaction was transparent and well disclosed publicly in the past.

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Congress Vice President Rahul Gandhi. (Photo: PTI)

Realty firm Emaar MGF called the allegations made against them by BJP MP Kirit Somaiya as completely false, baseless and malicious in nature.

In a statement released today,the realty company said that it sold two shops to Congress Vice President Rahul Gandhi in a shopping mall in December 2005 at market rates and rejected allegations that they were leased or bought back by the company.

Furthermore, the company has said that it reserves the right to take appropriate legal remedy against the malicious comments by Somaiya.

The statement by Somaiya included Emaar MGF in the AgustaWestland controversy including the shops as kickbacks paid for the VVIP chopper deal.

Shops Sold to Rahul Gandhi at Market Rates

However, in a statement, Emaar MGF, said that two shops at the Metropolitan Mall, in Saket, South Delhi, valued at Rs 1.47 crore at the rate of Rs 9,750 per sq ft were sold to Gandhi who later sold it to Worli Realty Pvt Ltd.

The company which is a joint venture between Dubai-based Emaar Properties and India’s MGF Developments Ltd has said that their entire transaction was transparent and well disclosed publicly in the past, the company said. The company also released a list of shops sold by it during financial years between 2003 and 2006 which showed that other buyers got the shops at a lower rates than Gandhi.

Emaar MGF has had its fair share of controversies including the one related to the Commonwealth Games.

Also Read :
All You Want to Know About the AgustaWestland VVIP Chopper Scam
AgustaWestland: Has the CBI Been Thorough With Its Investigation?

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