CBI registers preliminary inquiry of disinvestment of Laxmi Villas, Udaipur
The government hotel was sold to the Bharat group which runs Lalit Hotel in 2002
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The government hotel was sold to the Bharat group which runs Lalit Hotel in 2002
)
CBI has alleged that the hotel was sold to the Bharat group at a throwaway price of Rs 7 crore when the prevalent market rate was over Rs 150 crore.
The enquiry has named Bharat Hotels, Krantikram and Co, a private evaluator, and Lagarde India, which was the advisor to the government for the deal.
First Published: Apr 29 2014 | 5:10 PM IST