Washington: Finance Minister Arun Jaitley, on a nine-day visit to the US, chose to largely stay mum on the controversy surrounding Lalit Modi raging back home, but said that the real estate firm DLF’S Rs. 65 crore cash advance to Congress Party President Sonia Gandhi’s son-in-law Robert Vadra was a “commercial” one.
“I do not want to comment on DLF or Vadra, but it’s a commercial transaction between two legal entities,” Mr Jaitley said at a press conference in Washington yesterday in response to a question.
The Finance Minister was asked: “What is the government doing on the transaction of Rs. 65 crore between DLF and Robert Vadra?”
Mr Jaitley responded: “How the government could be concerned with a several year old loan transaction by check with all banking approvals in a declared loan transaction.”
Mr Vadra has been under attack over media reports that his company received Rs. 65 crore in investments from DLF in 2008.