Tuesday, Oct 04, 2022
Outlook.com
Disinvestment scam

Enter, Laundromat

The Outlook exposé on the Juhu Centaur divestment gets Chidambaram's attention. A probe is now on.

Enter, Laundromat
Enter, Laundromat
outlookindia.com
-0001-11-30T00:00:00+05:53

During a Rajya Sabha debate last week on the Centaur sale, Chidambaram, who also runs the department of disinvestment, gave a detailed hour-long reply to the concerns of the members. And he promised "further action on the basis of the CAG report" if it was unfavourable. The FM also suggested that the deal could be terminated if Tulip failed to pay the voluntary retirement scheme to employees as promised in the sale agreement. "If there is a violation of the agreement," he said, "I would certainly advise the ministry of civil aviation to take action. And I would play whatever role the finance ministry has to play." (The Centaur is owned by national carrier Air-India's subsidiary Hotel Corporation of India (HCI).)

At the outset itself, Chidambaram made it clear he wasn't debating the merits of disinvestment. "But the question is: how was this hotel privatised? Was it done in a fair and transparent manner leaving little room for doubt? From what I have heard today, everybody in the House has over a hundred doubts."

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