- Government had a loss in the disinvestment of luxury hotels
- Arun Shourie was the disinvestment minister at the time.
- Special CBI court orders to register a case
Former Union Minister Arun Shourie has been named in a 2002 corruption case related to the Hotel Disinvestment of Laxmi Vilas Palace Hotel in Udaipur, Rajasthan. A special court of the Central Investigation Agency (CBI) has named Shourie as the main accused in the case. The court has said that a case should be registered against Arun Shourie, former bureaucrat Pradeep Baijal and hotellar Jyotsna Suri in this case. The court wants the sale of the hotel to be resumed. The court has said that the hotel was sold at a huge loss under the supervision of Arun Shourie, who was the disinvestment minister in Atal Bihari Vajpayee's government. The court said that at that time the price of Hotel Laxmi Vilas was 252 crores, but it was sold for 7.5 crores.
CBI gave closure report only last year
The CBI had filed a closure report in the 2002 case last year. He said that he had 'no proof' in this case. The agency said that 'it is concluded that no evidence has been found in the entire disinvestment process of Laxmi Vilas Palace in Udaipur. But the special CBI court of Jodhpur rejected this report and asked to continue further investigation.
Arun Shourie has said on the court's order that 'I have not seen the copy of the order, the lawyers will read the order first, after that we will decide what to do.'
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NewsBust has received the report of the agency, according to which the government has incurred a loss of around 143.48 crores in the disinvestment of this government luxury hotel and the person / people involved have benefited. But in its report, the agency has blamed the mistake in the hotel price imposed by a private firm M / s Kanti Karamsey and company for this. The agency said that the property was valued at 7.85 crore, and the reserve price was fixed at 6.12 crore on this assessment.
The price of land was estimated at Rs 45 per square yard
On August 13, 2014, the CBI had registered a case based on preliminary investigation, in which Pradeep Baijal was accused of misusing his position in the disinvestment process. On the CBI's closure report, the court said, "Between 1992 and 2002, some unknown officials and some private people conspired to do financial harm to the government." At that time the price of land was estimated at 45 rupees per square yard. A spoonful of that hotel will also be expensive.
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The Five Star Hotel Laxmi Vilas Palace, located on the banks of Fateh Sagar Lake, was formerly a royal property, now it has been renamed Lalit Laxmi Vilas Palace. It was the property of the former kings of Udaipur. During the merger of the princely states, this property was given to the government. After independence, the government ran it like a hotel. In 2002, the Lalit Suri Group of Hotels bought it after the disinvestment process.
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