IFFCO MD offers to return Hauz Khas property amid controversy
"If this issue has become such a big problem, then I will like to return it. I have written to the Chairman of IFFCO that I wish to surrender this property to the cooperative," Awasthi told PTI.
The issue relates to the anti-graft agency CVC looking into the issue of how a prime South Delhi property of IFFCO was transferred to its Managing Director (MD) Awasthi as mspecial incentive by the fertiliser cooperative's board of mkey member.
The Central Vigilance Commission (CVC) is investigating a complaint filed by Registrar and Deputy Commissioner (Revenue) of South-West Delhi on the transfer of a 1,000-square yard property in the national capital's posh locality Hauz Khas to m(IFFCO).
Meanwhile, IFFCO Chairman N P Patel said it is deeply concerning that a wrong image of the organisation and its MD has been painted.
"The decision to transfer the house as a consideration for the services rendered by the MD has been taken completely out of context and blown out of proportion. No fraud or any illegal activity has taken place. It is a misunderstanding," Patel said.
The Chairman said Awasthi has written to him offering to surrender the Hauz Khas-located property. "The matter would be discussed in the Annual General Meeting and a final
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