BJP demands clarification on 'anonymous investment'

New Delhi: BJP on Wednesday demanded the government to clarify its permission for an "anonymous investment" of Rs 1,200 crore in airport modernisation.
"The union government should clarify an anonymous investment of Rs 1,200 crore in airport modernisation and infrastructure by a company called AGAM SPV SIX Ltd based in Cayman island in the Caribbean islands group," party spokesperson Prakash Javadekar told reporters here today.
"It is interesting to know that Cayman island is a country with a population of 50,000 and has around 80,000 companies registered there. This island country is infamous for money laundering, drugs and terror funds.
"It seems the authorities in India have turned a blind-eye to these facts while giving permission for investment in a crucial sector like aviation", Javadekar said.
27/08/08 PTI/The Hindu

To Read the News in full at Source, Click the Headline

Categories: Airports Aug 2008, Foreign Aug 2008