In a sharply worded publish that has stirred debate throughout social media, Sadaf Sayeed, CEO at Muthoot Microfin, has raised considerations over what he describes as India’s slide from a “corrupt society to [a] blatantly corrupt society.” His feedback got here amid the unfolding alleged controversy surrounding a ₹300-crore land deal involving a agency co-owned by Maharashtra Deputy Chief Minister Ajit Pawar’s son, Parth Pawar.
Reacting to the rising allegations, Sayeed wrote on X (previously Twitter): “Son of a politician buys a govt land value Rs 1600 cr for Rs 300 cr… He additionally sought exemption on stamp responsibility and will get it… In the meantime unusual citizen is lining as much as trade foreign money when demonetised and answering 10k query on easy delay of GST or Earnings tax submitting. How is that this rule of regulation?”
Sayeed’s publish was accompanied by one other message highlighting the profitable nature of land possession and political curiosity in actual property. The viral publish learn: “When our financial system improves, it’s land that takes the beneficial properties… Land = Pawar.”
On the centre of the controversy is a 40-acre authorities plot in Pune that was offered to Amedea Enterprises, a agency during which Parth Pawar is a accomplice, for round ₹300 crore — far under its alleged market worth of almost ₹1,800 crore.
A 3-member committee headed by a Joint Inspector Common of Registration (IGR), which submitted its report on Tuesday, indicted the three people named within the police FIR associated to the undervaluation and procedural lapses. Nonetheless, the panel did not identify Parth Pawar, stating his identify didn’t seem on any of the paperwork examined.
Dealing with mounting criticism, Ajit Pawar defended his son, asserting that Parth and his enterprise accomplice have been unaware that the land bought by their firm belonged to the federal government. He additional introduced that the deal has been cancelled, whilst questions over political affect, due diligence and valuation stay unresolved.
