Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | DLF shares tank after Robert Vadra controversy    </title>
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-NDTV





Shares in DLF, India's biggest real estate developer, slumped to a low of Rs. 229.50 Monday, indicating an over 5 per cent cut from Friday's close. Last week, anti-corruption activists Arvind Kejriwal and Prashant Bhushan had alleged that DLF had..."/>
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-NDTV





Shares in DLF, India's biggest real estate developer, slumped to a low of Rs. 229.50 Monday, indicating an over 5 per cent cut from Friday's close. Last week, anti-corruption activists Arvind Kejriwal and Prashant Bhushan had alleged that DLF had..." />
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                            <div style="text-align: justify">-NDTV</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Shares in DLF, India's biggest real estate developer, slumped to a low of Rs. 229.50 Monday, indicating an over 5 per cent cut from Friday's close. Last week, anti-corruption activists Arvind Kejriwal and Prashant Bhushan had alleged that DLF had gifted Robert Vadra, the son-in-law of Congress President Sonia Gandhi, a 65-crore interest-free loan and sweetheart deals on a series of apartments in Gurgaon.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">DLF shares traded at the bottom of the 50-share Nifty, underperforming the broader BSE realty index, which traded 1 per cent lower. At 10.50 a.m., DLF shares were down 4.5 per cent at Rs. 230.90 on the NSE.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">DLF yesterday denied all the charges, explaining that Mr Vadra was not offered unsecured loans or apartments at cheaper rates than other customers.</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify">The activists, who launched an as-yet-unnamed political party earlier this week, said that DLF gave Mr Vadra an interest-free loan of Rs. 65 crore. The company says that in fact, it gave Mr Vadra's firm, Skylight Hospitality Private Limited, two advances of 50 crore and 15 crore for two plots of land near Delhi. The first deal went through. The second didn't and DLF says Mr Vadra returned the 15-crore advance.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The activists had also said that Mr Vadra was given a flat in the Aralias project in Gurgaon for Rs. 89 lakh. DLF says that he paid Rs. 11.90 crore for the apartment.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">It also said that the activists had incorrectly accused it of giving seven apartments in its Magnolias project, also in Gurgaon, for Rs. 5.2 crore to Skylight. It claimed he has paid market rates. &quot;As part of its real estate business, Skylight group had invested in Magnolias apartments at a price of Rs. 10,000 per square feet in March 2008, which was the prevalent offer price of the company for all its customers,&quot; the statement said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">DLF stated that Mr Vadra was never shown preferential treatment as a customer via special under-valued rates. It said that to the contrary, because Mr Vadra decided to buy some apartments at an advanced stage of construction, he paid more than other buyers who came on board sooner.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Mr Vadra told NDTV that the charges of corruption levelled against him by the activists are an attempt to &quot;malign my family in order to gain cheap publicity for themselves and for the launch of their political party.&quot;</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify">Mr Vadra also hinted that he may take legal action - he said the allegations made against him are &quot;utterly false, entirely baseless and defamatory.&quot;</div>                                                           
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    <h1 class="cat-box-title">DLF shares tank after Robert Vadra controversy</h1>
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                            <div style="text-align: justify">-NDTV</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Shares in DLF, India's biggest real estate developer, slumped to a low of Rs. 229.50 Monday, indicating an over 5 per cent cut from Friday's close. Last week, anti-corruption activists Arvind Kejriwal and Prashant Bhushan had alleged that DLF had gifted Robert Vadra, the son-in-law of Congress President Sonia Gandhi, a 65-crore interest-free loan and sweetheart deals on a series of apartments in Gurgaon.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">DLF shares traded at the bottom of the 50-share Nifty, underperforming the broader BSE realty index, which traded 1 per cent lower. At 10.50 a.m., DLF shares were down 4.5 per cent at Rs. 230.90 on the NSE.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">DLF yesterday denied all the charges, explaining that Mr Vadra was not offered unsecured loans or apartments at cheaper rates than other customers.</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify">The activists, who launched an as-yet-unnamed political party earlier this week, said that DLF gave Mr Vadra an interest-free loan of Rs. 65 crore. The company says that in fact, it gave Mr Vadra's firm, Skylight Hospitality Private Limited, two advances of 50 crore and 15 crore for two plots of land near Delhi. The first deal went through. The second didn't and DLF says Mr Vadra returned the 15-crore advance.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The activists had also said that Mr Vadra was given a flat in the Aralias project in Gurgaon for Rs. 89 lakh. DLF says that he paid Rs. 11.90 crore for the apartment.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">It also said that the activists had incorrectly accused it of giving seven apartments in its Magnolias project, also in Gurgaon, for Rs. 5.2 crore to Skylight. It claimed he has paid market rates. &quot;As part of its real estate business, Skylight group had invested in Magnolias apartments at a price of Rs. 10,000 per square feet in March 2008, which was the prevalent offer price of the company for all its customers,&quot; the statement said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">DLF stated that Mr Vadra was never shown preferential treatment as a customer via special under-valued rates. It said that to the contrary, because Mr Vadra decided to buy some apartments at an advanced stage of construction, he paid more than other buyers who came on board sooner.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Mr Vadra told NDTV that the charges of corruption levelled against him by the activists are an attempt to &quot;malign my family in order to gain cheap publicity for themselves and for the launch of their political party.&quot;</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify">Mr Vadra also hinted that he may take legal action - he said the allegations made against him are &quot;utterly false, entirely baseless and defamatory.&quot;</div>                                                           
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Shares in DLF, India's biggest real estate developer, slumped to a low of Rs. 229.50 Monday, indicating an over 5 per cent cut from Friday's close. Last week, anti-corruption activists Arvind Kejriwal and Prashant Bhushan had alleged that DLF had..."/>
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Shares in DLF, India's biggest real estate developer, slumped to a low of Rs. 229.50 Monday, indicating an over 5 per cent cut from Friday's close. Last week, anti-corruption activists Arvind Kejriwal and Prashant Bhushan had alleged that DLF had..." />
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    <h1 class="cat-box-title">DLF shares tank after Robert Vadra controversy</h1>
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                            <div style="text-align: justify">-NDTV</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Shares in DLF, India's biggest real estate developer, slumped to a low of Rs. 229.50 Monday, indicating an over 5 per cent cut from Friday's close. Last week, anti-corruption activists Arvind Kejriwal and Prashant Bhushan had alleged that DLF had gifted Robert Vadra, the son-in-law of Congress President Sonia Gandhi, a 65-crore interest-free loan and sweetheart deals on a series of apartments in Gurgaon.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">DLF shares traded at the bottom of the 50-share Nifty, underperforming the broader BSE realty index, which traded 1 per cent lower. At 10.50 a.m., DLF shares were down 4.5 per cent at Rs. 230.90 on the NSE.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">DLF yesterday denied all the charges, explaining that Mr Vadra was not offered unsecured loans or apartments at cheaper rates than other customers.</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify">The activists, who launched an as-yet-unnamed political party earlier this week, said that DLF gave Mr Vadra an interest-free loan of Rs. 65 crore. The company says that in fact, it gave Mr Vadra's firm, Skylight Hospitality Private Limited, two advances of 50 crore and 15 crore for two plots of land near Delhi. The first deal went through. The second didn't and DLF says Mr Vadra returned the 15-crore advance.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The activists had also said that Mr Vadra was given a flat in the Aralias project in Gurgaon for Rs. 89 lakh. DLF says that he paid Rs. 11.90 crore for the apartment.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">It also said that the activists had incorrectly accused it of giving seven apartments in its Magnolias project, also in Gurgaon, for Rs. 5.2 crore to Skylight. It claimed he has paid market rates. &quot;As part of its real estate business, Skylight group had invested in Magnolias apartments at a price of Rs. 10,000 per square feet in March 2008, which was the prevalent offer price of the company for all its customers,&quot; the statement said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">DLF stated that Mr Vadra was never shown preferential treatment as a customer via special under-valued rates. It said that to the contrary, because Mr Vadra decided to buy some apartments at an advanced stage of construction, he paid more than other buyers who came on board sooner.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Mr Vadra told NDTV that the charges of corruption levelled against him by the activists are an attempt to &quot;malign my family in order to gain cheap publicity for themselves and for the launch of their political party.&quot;</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify">Mr Vadra also hinted that he may take legal action - he said the allegations made against him are &quot;utterly false, entirely baseless and defamatory.&quot;</div>                                                           
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Home हिन्दी

DLF shares tank after Robert Vadra controversy

Published on Oct 8, 2012   Modified on Oct 8, 2012

-NDTV Shares in DLF, India's biggest real estate developer, slumped to a low of Rs. 229.50 Monday, indicating an over 5 per cent cut from Friday's close. Last week, anti-corruption activists Arvind Kejriwal and Prashant Bhushan had alleged that DLF had gifted Robert Vadra, the son-in-law of Congress President Sonia Gandhi, a 65-crore interest-free loan and sweetheart deals on a series of apartments in Gurgaon. DLF shares traded at the bottom of the 50-share Nifty, underperforming the broader BSE realty index, which traded 1 per cent lower. At 10.50 a.m., DLF shares were down 4.5 per cent at Rs. 230.90 on the NSE. DLF yesterday denied all the charges, explaining that Mr Vadra was not offered unsecured loans or apartments at cheaper rates than other customers.   The activists, who launched an as-yet-unnamed political party earlier this week, said that DLF gave Mr Vadra an interest-free loan of Rs. 65 crore. The company says that in fact, it gave Mr Vadra's firm, Skylight Hospitality Private Limited, two advances of 50 crore and 15 crore for two plots of land near Delhi. The first deal went through. The second didn't and DLF says Mr Vadra returned the 15-crore advance. The activists had also said that Mr Vadra was given a flat in the Aralias project in Gurgaon for Rs. 89 lakh. DLF says that he paid Rs. 11.90 crore for the apartment. It also said that the activists had incorrectly accused it of giving seven apartments in its Magnolias project, also in Gurgaon, for Rs. 5.2 crore to Skylight. It claimed he has paid market rates. "As part of its real estate business, Skylight group had invested in Magnolias apartments at a price of Rs. 10,000 per square feet in March 2008, which was the prevalent offer price of the company for all its customers," the statement said. DLF stated that Mr Vadra was never shown preferential treatment as a customer via special under-valued rates. It said that to the contrary, because Mr Vadra decided to buy some apartments at an advanced stage of construction, he paid more than other buyers who came on board sooner. Mr Vadra told NDTV that the charges of corruption levelled against him by the activists are an attempt to "malign my family in order to gain cheap publicity for themselves and for the launch of their political party."   Mr Vadra also hinted that he may take legal action - he said the allegations made against him are "utterly false, entirely baseless and defamatory."

NDTV, 8 October, 2012, http://profit.ndtv.com/news/market/article-dlf-shares-tank-over-allegations-of-interest-free-loan-to-robert-vadra-311796?pfrom=home-lateststories

Tagged with: Corporate Governance

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