CBI books ex-disinvestment secretary Pradeep Baijal for cheating
NEW DELHI: Twelve years after he superannuated, former chairman of Telecom Regulatory Authority of India and then disinvestment secretary Pradeep Baijal has been booked by the CBI for alleged cheating in the strategic sale of ITDC-owned Laxmi Vilas Palace hotel in Udaipur.
The CBI, which had first registered a preliminary inquiry into the case, has alleged that the public-owned Laxmi Vilas Palace hotel spread over 29 acres with an estimated value of Rs 151 crore was sold to Bharat Hotels for 7.52 crore causing loss to the public exchequer.
Baijal was the disinvestment secretary when the NDA government with Arun Shourie as the disinvestment minister and the-then PM Atal Bihari Vajpayee heading the disinvestment commission took the decision to sell the Udaipur hotel as part of a policy decision to get rid of loss-making units.
Apart from Baijal, those named in the FIR include Ashish Guha, the-then managing director of Lazard India, Kantilal Karamsey Vikamsey, owner of Kanti Karamsey and Co and authorized representative of Bharat Hotels, owned by Jyotsna Suri.
Read full article: TOI
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