Chidambaram rules out probe into Vadra-DLF business deals

"...Unless there is a specific allegation of quid pro quo or corruption, I am afraid private transactions cannot and ought not to be allowed to be questioned on the basis of imputations and insinuations", he said while responding to a question on the Vadra-DLF deals at the Economic Editors' Conference here.

Civil rights activist Arvind Kejriwal had demanded an inquiry into business dealings between Vadra and his companies and real estate giant DLF.

Kejriwal had alleged that DLF gave interest free loan of Rs 65 crore to Vadra. The company as well as Vadra had denied the allegations.

Chidambaram said he "could not respond (on the issue) on behalf of the government because that is not the issue here. I think those who made their allegations have made their statement, the company concerned has made a statement and the individual concerned has made a statement".

Vadra had earlier dismissed Kejriwal's allegations as "utterly false and defamatory" saying that his business transactions were "fully reflected" in financial statements before government authorities in compliance with the law.

DLF too had rejected the allegations that it had given unsecured loans to Vadra as a 'quid pro quo' for favours and said it had transparent dealing with him as an individual entrepreneur.

Kejriwal had alleged that besides an interest free loan of Rs 65 crore, DLF gave properties worth Rs 300 crore to Vadra at throwaway prices.