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Realty major Indiabulls contributes 2.5crore to Bhujbal foundation

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Political and industrial surroundings are shocked because Indiabulls has contributed Rs. 2.5 Crores to the Bhujbal foundation which is lead by union public works Minister Chhagan Bhujbal. This foundation was started five years back and it includes all Bhujbal family members as well as his son Pankaj and his wife and MP Samir couple. They are organizing the high-status Nashik festival from 2009 and Indiabulls is a leading group busy in realty, power and fiscal services. Bhujbal has confirmed that in 2009 the Chhagan Bhujbal Public Welfare Foundation has taken Rs. 1.45 Crores and in 2010 and Rs. 1 Crores in 2011 from Indiabulls as donation. Apart from the Indiabulls many industrial houses and individuals have also contributed to this foundation. Bhujbal speaking to the www.propertykhazana.com said that, “Amount received from the Industrial houses and from Individuals is spent for the Nashik Festival and it will be mistake to connect the Indiabulls contributions to the ongoing main agreements allotted to it in the Nashik area.” But still there was no reply from Indiabulls chief executive official Gagan Banga on the issue and the firm did contribute a big amount to the Bhujbal Foundation.
One of the senior officers of Indiabulls said that, “Company has Rs. 14,000 Crores power plant which is coming up in Nashik, as part of our promise to the community we are donating to the Nashik festival. Previous year we were the sponsors for the main events and this year we have donated to the Nashik festival.”
Source: NIMMA BENGALURU

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