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This story is from April 20, 2014

Arun Jaitley quotes Wall Street Journal to take on Robert Vadra

BJP leader Arun Jaitley took potshots at Rahul Gandhi’s brother-in-law Robert Vadra following an article on the Gandhi family member in Wall Street Journal.
Arun Jaitley quotes Wall Street Journal to take on Robert Vadra
NEW DELHI: BJP leader Arun Jaitley on Saturday took potshots at Rahul Gandhi’s brother-in-law Robert Vadra following an article on the Gandhi family member in Wall Street Journal.
Jaitley wrote in his blog: “Congratulations to Mr Robert Vadra. He has made it to the Wall Street Journal. The Vadra business model requires the research paper to be prepared by a key business analyst ... Start a business without any investment.
Investment will flow as loans and advances which is a synonym for political equity. Use these loans to buy property at fraction of the market cost.”
WSJ has written a piece on Vadra detailing how during the decade Vadra’s in-laws held sway in New Delhi, the 44-year-old with high school education and no experience in property development amassed a large real-estate portfolio.
The story is reportedly based on a review of complaint filings, land records and interviews with property experts. WSJ has calculated that through 2012, Vadra sold more than Rs 72 crore of property and as of then he still held real estate valued at about Rs 252 crore.
A spokesman for Vadra told agencies he was a private citizen who has been subjected to a campaign to malign him for political reasons. “He has acquired and disposed of real estate in exercise of his rights and has obtained no favour or benefit from anyone,” the spokesman said. “He has complied with all applicable provisions of law and has nothing further to say.”
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