#VadraWindsUp: Robert Vadra starts winding up business in Haryana & Rajasthan
- 5 years ago
With Congress's fortunes on a sharp downward spiral in recent months, party chief Sonia Gandhi's son-in-law Robert Vadra has been winding up at least six of his companies even as one of his firms reported a profit of Rs 33 crore in 2012-13.
According to official filings with the Registrar of Companies, Vadra has moved to shut down six of the 12 companies that he controls as director.
These companies — Lifeline Agrotech, Greenwave Agro, Rightline Agriculture, Future Infra Agro, Best Seasons Agro and Primetime Agro — have been dissolved or are in the process of being dissolved in recent months. All six have been mostly engaged in acquiring property in Rajasthan, especially cheap land.
Vadra's move coincides with the dramatic downfall of Congress in the national elections. The specific date when he started the process of winding up is not clear, but it was initiated in recent months.
For More information on this news visit : http://www.newsx.com/
Connect with us on Social platform at : http://www.facebook.com/newsxonline
Subscribe to our YouTube Channel : http://www.youtube.com/newsxlive
According to official filings with the Registrar of Companies, Vadra has moved to shut down six of the 12 companies that he controls as director.
These companies — Lifeline Agrotech, Greenwave Agro, Rightline Agriculture, Future Infra Agro, Best Seasons Agro and Primetime Agro — have been dissolved or are in the process of being dissolved in recent months. All six have been mostly engaged in acquiring property in Rajasthan, especially cheap land.
Vadra's move coincides with the dramatic downfall of Congress in the national elections. The specific date when he started the process of winding up is not clear, but it was initiated in recent months.
For More information on this news visit : http://www.newsx.com/
Connect with us on Social platform at : http://www.facebook.com/newsxonline
Subscribe to our YouTube Channel : http://www.youtube.com/newsxlive