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According to Y P Singh an IPS officer, Ajit Pawar, irrigation minister and nephew of Sharad Pawar, allotted 141 hectares (348 acres) of land belonging to Maharashtra Krishna Valley Development Corporation on a renewable lease of 30 years to the Lake City Corporation in 2002, violating a Supreme Court Judgement.

According to Y P Singh, Axis Bank, which invested Rs 250 crore in the Lavasa Corporation Limited in 2008 in the form of convertible preference shares and convertible debentures, valued the company at Rs 10,000 crore.

The Sules, if the value of the company is taken into account on the basis of Axis Bank's assessment, must have got around Rs 240 crore from sale of their shares. It is not reflected in the affidavit Supriya Sule filed detailing her assets before contesting 2009 Lok Sabha elections.

The former IPS officer said Sharad Pawar, despite being a Union Minister having nothing to do with the Lavasa project, used his influence to arrange a meeting with Ajit Pawar, bureaucrats and top functionaries of the company at a private guest house in the lake city 'Ekaant'.

"In that meeting, several decisions raising the heights of the proposed buildings using global and floating FSI were taken. This meeting was called at the instance of Pawar who had no business to get involved in the
project," he said.

Singh alleged that Pawar had used his clout in the government to facilitate holding of the meeting after  Aniruddh Deshpande, considered close to the NCP chief and a shareholder in Lavasa, failed to get concessions for the project.


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