Industrial Plot No.1, Sector 90, Noida

Industrial Plot No.1, Sector 90, Noida www.infralive.com 28 Infra LIVE June 15, 2022 development plan in 18 months from the date of lease deed. r Complete 40 per cent of the covered area in 3 years from the date of posses- sion. r Complete 100 per cent of the covered area in 5 years from the date of posses- sion. r Extension will be given only in exceptional cases. In that case, CBS must pay Stamp Duty and Registra- tion Charges with 18 per cent interest from the lease deed date. In addition, 4 per cent of premium per year is also payable as extension charges. The relevant clauses of the lease deed are given in box-A at pg 40 to 42. There are multiple viola- tions of the lease deed right from the date of allotment of land. Violation-1: Undue favour in allotment of industrial plot In the Performance Audit report on the functioning of Noida Authority (12/2021), the Comp- troller and Auditor General (CAG) has stated that in their applica- tion, CBS had claimed to be a consortium of three companies: Burchill VDM (BVDM), Carnoustie Management Pvt Ltd (CMP) and R.S. Resource Man- agement Consulting Pvt Ltd (RSR). However, on verification, it was found that BVDM was never a part of CBS, it was actually owned by CMP and RSR on the date of the application i.e. August 6, 2007. the lease deed shall be terminated. i. The policy allowed project proponents to avail exemption in payment of Stamp Duty and Registration Charges, but they were required to complete the project in a time bound manner. For this, the follow- ing milestones / deadlines were specified: - r Obtain approval of Rajesh Malik – Mayawati Govt connection promo t e r s . The ED f i l ed a criminal case under various sections of the PMLA in 2021 against the Unitech Group and its promoters over allegations that the owners - Sanjay Chandra and Ajay Chandra - illegally diverted over Rs 2,000 crore to Cyprus and the Cayman Islands. It had also carried out raids in this case on March 4, 2021 at 35 locations of the Shivalik Group, Trikar Group, Unitech Group and Carnoustie Group in Mumbai and the national capital region. The ED had said that the total pro- ceeds of crime detected in this case stands at Rs 7,638 crore and it has attached properties worth Rs 673 crore till now as part of this investigation. lost elections in March 2012. Earlier, when Mayawati assumed office for the third time in 2002, she had made Mr Singh, the state's industrial development commissioner. He also remained ex-officio chairman of Noida and GreaterNoida. On Oc tober 4 , 2021 , the enforcement directorate (ED) had arrested Mr Malik and Un i t ech ' s f ounde r Ramesh Chandra, his daughter-in-law Preeti Chandra in the Rs 2,000 crore money laundering matter. ED's money laundering case is based on a number of FIRs filed by De l h i Po l i c e Ec onomi c Offences Wing and CBI on complaints filed by homebuyers against the Unitech Group and its Introducing Rajesh Malik: While working in Sahara, he came very close to Shashank Shekhar Singh, who served as Uttar Pradesh's cabinet secretary in Mayawati government for five years. He died on June 12, 2013 and is survived by his wife and two daughters. He was not an officer from IAS cadre but was given important assign- ments by successive chief minis- ters. He was a man who called the shot s dur ing the Mayawat i regime. In fact, the post of cabinet secre t ary , whi ch was of t en described as unconstitutional, wa s e s p e c i a l l y c r e a t e d b y Mayawati in 2007 for him. He was given an extension in 2010 for two years. However, he took prema- ture retirement after Mayawati Table-1: Shareholders of CBS International Projects Pvt Ltd Name of shareholder No. of equity shares % 22.03.2007 to 13.06.2007 Hemant Kumar, Mumbai 5,000 50% Shubhendu Tewari, Mumbai 5,000 50% 14.06.2007 to 12.08.2015 R.S. Resource Management Consulting Pvt Ltd 33,000 50% Carnoustie Management Pvt Ltd 23,000 50% 10,000 13.08.2015 onwards Sanjay Rastogi 32,999 50% Rajesh Malik, nominee of Carnoustie Management (India) Pvt Ltd (25.06.2015) 1 0% Meenu Rastogi 23,000 35% Ishan Rastogi and Vasu Rastogi (jointly) 10,000 15% As on 31.03.2016 and continues Sanjay Rastogi 1,640,100 35% Meenu Rastogi 1,640,100 35% Ishan Rastogi 702,900 15% Vasu Rastogi 702,900 15% Rastogi family r/o K-302, Pearl Gateway Tower, Sec -44, Noida