Behind closed doors of big politicians and their families.
How the son of Honourable Governor of Uttar Pradesh (former chief minister of Gujarat) submitted a forged agreement to get a 250 million AED loan from the office of His Highness Sheikh Hamdan Bin Ahmed al Maktoum.
Indian news has been a hotbed of news relating to frauds and forgery. From income tax scams to even vaccine scams, the Indian public has seen it all. But what if the scam comes straight from the family of an ex-chief minister of an Indian state? A similar story has seemed to surface regarding Anandi Bhen Patel’s son Mr. Swetank Patel and grandson Dharam Patel. The duo has been accused of submitting forged copies of the agreement to the office of His Highness. Sheikh Hamdan Bin Ahmed al Maktoum
This all started when the duo approached the office of his Highness(Sheikh Hamdan Bin Ahmed al Maktoum )for the sponsorship of funds for the development of a 25.5-acre piece of land for real estate in one of the prime locations of Ahmedabad at Gandhinagar. After floating a company by the name of Nisan Investment LLC in Dubai, the duo approached for funding for the project and later submitted all the documents seeking funding for the project. However, the development agreement was missing from the bunch. This raised some brows since it was a vital piece to forward the funding to the firm’s Dubai based company’s account. However, with subsequent follow ups, the development agreement was sent to the office. All seemed well until Mr. Anurag Maheshwari, manager at the office of His Highness found some discrepancies on the agreement and furthered it further legal verification and vetting. What came out shocked those at the office.
Turns out, the agreement submitted by Mr. Swetank Patel and Dharam Patel turned out to be absolutely fake. Keep in mind that this forgery came from the house of Gujarat’s ex-Chief minister and the present governor of the state of Uttar Pradesh. The forged agreement pointed out that the development rights for the land were procured from DLF which is one of the biggest real estate tycoons in the country. This was the same piece of conflicted land that was given by the Modi government to DLF at less than 10 per cent of the actual market value in 2011. This move was highly criticised by the opposition with big faces like Arvind Kejriwal and Rahul Gandhi opposing the motion. The project was, however, given a clean chit by the central ministry.
Some of the key points that helped the legal team find the forgery included facts like:
- Spelling mistakes in the name of the business entity.
- The development area was mentioned as 102000 sq. ft which was inconsistent with the previously mentioned area of 25.5 acres.
- The PAN number mentioned also did not correspond to Patel’s company as mentioned in the agreement.
- To accept the payment, no resolution was found to give the power to Mr Rajeev Talwar, chairman (2018) of DLF Ltd. According to Indian law, a board resolution has to be passed to give the power by the entire board of directors in the name of the person who is authorised to sign on behalf of the Company.
- The mentioned amount of 100 Crores was not found in any BSE, NSE or income tax records. Also, the agreement did not have any stamp of the company.
- With a current market value exceeding 1050 crores, many raised a doubt as to how Mr Swetank Patel got it for just 100 crores.
All these facts pointed out the fact that the agreement was fake. Furthermore, the agreement was carried out on a 100 Rs stamp paper without the serial number by the notary public and was purchased by a third party which is not permitted by law. Upon rejecting the funding based on forged documents submitted by Mr. Patel, has demanded the refund of the sponsorship fees which was paid for establishing the Dubai mainland company.
The office of His Highness found this to be a highly illegal practice and stated that they will file a motion against them at the Civil and criminal court of Dubai. Also, the office has intimated the following scenario to DLF and will also be reporting to the Enforcement Directorate of India and other government agencies such as income tax department, BSE, NSE, ROC etc demanding legal action against Mr. Patel and those involved in this forgery.
The situation occurs at a time when Mr. Dharam Patel has opened several subsidiaries of Nisan Investment LLC , Nisan link general trading llc and have applied for a Havala Licence at the Central Bank of UAE which is pending approval at the final stage. Havala is a highly illegal activity in India and is covered under the money laundering act. So, one might wonder why the grandson of an ex- chief minister got into havala licence and the sponsorship fees along with the government charges, office rent, office interiors etc was carried out in cash and no information about the same has been provided to the income tax department. It is clearly violation of fera and fema norms by law in India.
The real shocker is that such news comes from the house of Gujarat’s ex-chief minister, Anandi Bhen Patel. An avid member of the Bharatiya Janta Dal, she now holds the position of Uttar Pradesh’s governor and on the line to become India’s next vice president according to unofficial sources. With such a lustrous career in politics and a well-known personality, news of frauds and forgery from her backyard seems to be very unlikely and unfortunate.