Gandhinagar, 29 December 2020
The sold 7 Kambe hotels belonging to retired IAS Sanjay Gupta, a scam worth Rs 200 crore during Narendra Modi’s tenure. These hotels have been purchased by Express Group of Vadodara, a four-star hotel chain. The hotel is owned by Nisa Leisure Limited. The market value of 800 rooms comes from 40 to 50 crores. That is why it is believed that Rs. 50 crore is purchased.
Metrolink Express Gandhinagar and Ahmedabad (MEGA) funds for scam in The Ahmedabad-Gandhinagar Metrorail project.
Nisa Leisure Limited is part of the Nisa Group. The Nisa Group is owned by the controversial former IAS officer Sanjay Gupta. The Cambay Hotel Buyer Group is now awaiting the approval of the SCLT, the National Company Law Tribunal.
Apart from Ahmedabad and Gandhinagar in Gujarat, the hotels in Cambay are located in Nimrana, Udaipur and Jaipur in Rajasthan.
There was a case of money laundering in 2017, after which the ED seized Sanjay Gupta’s property worth Rs 36 crore in 2019. The ED had taken action against the company for misappropriation of funds from Metroling Express for Gandhinagar and Ahmedabad.
Sanjay Gupta was the chairman of the mega company from April 2011 to August 2013. He first quit his government job in 2002 and started his hotel business under the name of Nisa Group of Companies. The ED investigation revealed that Sanjay Gupta diverted Rs 36.12 crore to the accounts of his wife Neelu Gupta and companies Neesa Leisure Limited, Nisa Technologies and Nisa Agritech & Foods Limited.
Sanjay Gupta, a retired 1985-batch IAS officer, resigned in 2002 but became the MD of the metro train a few years later at Modi’s behest.
Of the three premium hotels of the Express Group, 2 are in Vadodara and one is in Jamnagar. With this deal, the number of rooms in the express group has increased. The group had 376 rooms, with 800 other rooms.
Says Nirav Gandhi believe , thay are one of the premium hotel chains in Gujarat at the moment. expanding our hotel business. Apart from Gujarat, we are also moving into the hotel business in Rajasthan. The Nisa Group is currently in the process of legalizing the loan, so the group will proceed with the purchase after the NCLT makes its decision.
Sanjay Gupta and his wife Neelu Gupta and Nisa Group’s assets worth Rs 36 crore were seized by the Enforcement Directorate under anti money laundering. The ED has taken action in the alleged misuse of Metrolink Express funds for Gandhinagar and Ahmedabad (MEGA).
Gupta was the president of Mega from April 2011 to August 2013. Sanjay Gupta quit his job in 2002 and then started his hospitality business under the name Nisa Group of Companies.
The properties were also previously sold for Rs 36 crore.
Is the property seized?
-Satellites of Dhananjaya Tower
Some other properties in the satellite sector
-Combay Hotel – Thaltej
-The prosperity of Kasela Tower in Josla region
Factory and land in Dakaroi, Changodar and Vishalpur
-Nisha Lajor Limited invested in the name of husband Neelu Gupta
Nisha Agritech & Food Ltd.
In July 2020, the Enforcement Directorate seized ₹ 14.15 crore of Sanjay Gupta’s Nisha Group. Apart from the Noida property, the hotel in Gujarat is also included.
The bank account of the company was opened by creating fake companies and documents with employees. These companies took payment on the basis of fake bills of trains without transporting goods. Gupta was arrested by the CID in 2015.
The ED had ordered the confiscation of assets under the Prevention of Money Laundering Act against Sanjay Gupta, his wife Neelu Gupta, Nisha Group, Nisha Technologies, Nisha Agritech and Foods Limited.
He took out funds worth Rs 36 crore from his own company and used them in the business.
Rohit Kumar Babubhai Patel of CREATE COMMUNICATION & SADHI DESIGN FIRM did glass work at Hotel Cambay from 2004 to 2008. He owed Rs 85 lakh. However, Rs 40 lakh was paid by Sanjay Gupta & Co. They were scrambling for the remaining money. In 2010, Rohit Patel started Cambe Spa & Resort Nisha Leisure Private Limited through Advocate Vasant Vyas. The company filed suit in civil court. The court had ordered Sanjay Gupta’s company to pay Rs 34 lakh with interest.(translated from Gujarati)