No overdraft given to Vadra’s firm: bank

October 18, 2012 11:33 pm | Updated October 18, 2016 12:59 pm IST - AHMEDABAD:

Corporation Bank on Thursday denied having given any overdraft facility or loan to Sky Light Hospitality — a company owned by Congress president Sonia Gandhi’s son-in-law Robert Vadra — that was recently in controversy over dealing with realty major DLF.

“We have not given any loan or overdraft to that company and those documents which had come in the media were not of our bank but those of the company,” Corporation Bank Chairman and Managing Director Ajai Kumar told a press conference here. He was asked whether his bank had given Rs. 7.94 crore overdraft to Mr. Vadra.

“Nowhere related”

“Our bank is nowhere related to the alleged overdraft facility. Everything in that regard is reported by the media. If you carefully look at the documents, you will know that it is just a matter of accounting practice of that company,” Mr. Kumar added.

He was here along with bank Executive Director Amar Lal Daultani at inauguration of a new branch of Corporation Bank in the city.

Activist-turned-politician Arvind Kejriwal had cast doubts on the dealing between Mr. Vadra and DLF.

Sky Light Hospitality, according to some media reports, had in its balance sheet shown that Corporation Bank had given an overdraft of Rs. 7.94 crore. The auditor’s report for Sky Light Hospitality for 2007-2008, submitted to the Registrar of Companies, had claimed that it got an overdraft from Corporation Bank’s New Friend’s Colony branch in New Delhi. This document is signed by Mr. Vadra and his mother Maureen Vadra.

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