During BJP-led NDA government became notorious for scandals and scams. It had no agenda for public good. Instead it got in the business of selling out the national assets to favor private parties. The CAG in its report-2004 has expressed serious doubts on the methods used by the NDA government for computing the valuation of the underlying assets in the matter of dis-investment of Centaur Hotel. CAG stated that the Government had suffered a loss of rupees 145.69 crores in revenue in the sale of Centaur Hotel. In June 2002, the 288-room Centaur Hotel near Mumbai’s domestic airport was sold by the Hotel Corporation of India to Batra Hospitality, for Rs 83 crore. Within four months, Batra Hospitality sold off the hotel property to the Sahara group for Rs 115 crore, raking in a 35% profit. Batra Hospitality has been promoted by Amrit Lal Batra, an industrialist who is close to the RSS. The bidding process of the hotel was allegedly rigged in favour of A. L. Batra. It is to be noted that before the second round of bidding commenced, a couple of important clauses of the sale agreement were changed to suit Batra Hospitality.
This article is posted by pressbrief.in
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