The Telegraph
Thursday , October 11 , 2012
Since 1st March, 1999
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Gupta hooks Modi bouncer

Patna, Oct. 10: RJD Rajya Sabha member Premchand Gupta today dismissed deputy chief minister Sushil Kumar Modi’s allegation of financial wrongdoings with the assets of his company.

“Sushil Kumar Modi is not James Bond, who has all the documents. He called me Lalu’s (RJD chief) ATM. But he is himself an outsider in the BJP,” Gupta, a former Union minister of state for corporate affairs, said.

Addressing journalists at the party office, he said: “The allegation of Modi against my sons and me are baseless. Everything in my company (IST Steel & Power Limited) is transparent. It has neither taken any partner nor transferred any share outside for profit.”

Modi had yesterday alleged that Gupta was involved in financial wrongdoings with the assets of his company, which had been indicted by the CAG over coal block allocation. While demanding a thorough probe, the BJP leader released documents to support his allegation.

Gupta said the documents released by Modi to support the allegation were “phony”.

“There are many companies across India. All the details of my company are available on the Internet. I really do not know what kind of documents Modi has released. They are all fake,” Gupta said.

Asked about the allegation of providing wrong information in an affidavit to the Rajya Sabha, Gupta said: “No wrong information has been given. All the required documents asked for by the government were given.”

Explaining the recent CAG report in which his name had surfaced, Gupta said: “As mentioned in the CAG report page no. 29 paragraph 4.3, there are three types of mines — open cast, underground and mixed. As I have underground mines, it has already been excluded from the computation of financial benefits. The coal block being 100 per cent underground should not have been included in the report.”

On Modi’s allegation aga-inst his sons, Gupta said: “My sons are talented. One of them has an MBA from London and the other from USA. They have every right to do business. We belong to a business family. They got the coal block allocation on their merit.”

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