This Article is From Mar 09, 2020

Row Over MF Husain Painting Priyanka Gandhi Sold To Yes Bank's Rana Kapoor

The entire amount Rana Kapoor paid to Priyanka Gandhi Vadra was in cheque and was fully disclosed in the income tax return, Abhishek Singhvi said.

Row Over MF Husain Painting Priyanka Gandhi Sold To Yes Bank's Rana Kapoor

Rana Kapoor bought an MF Husain painting from Priyanka Gandhi Vadra

Highlights

  • BJP shared report that Priyanka Gandhi sold Husain's work to Rana Kapoor
  • It says she sold it for Rs 2 crore, amount disclosed in 2010 tax returns
  • Congress said it was a "diversionary" tactic by the government
New Delhi:

A war of words broke out between the BJP and Congress on Sunday over the Yes Bank crisis with the ruling party seeking to link it with the Gandhi family, while the opposition wondered if Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman were "complicit" as the ban's loan book grew manifold.

Posting on Twitter a clip of a news channel report that Rana Kapoor, the arrested Yes Bank founder, had bought a painting from Congress leader Priyanka Gandhi Vadra, BJP's information and technology wing in-charge Amit Malviya alleged that every financial crime in India has "deep links" with the Gandhis.

The Congress termed the charge "fake".

It said Priyanka Gandhi Vadra had sold an MF Husain painting of her father Rajiv Gandhi to Rana Kapoor for Rs 2 crore, and the entire amount was disclosed in her income tax return of 2010.

Mr Malviya tweeted, "Every financial crime in India has deep link with the Gandhis. Mallya used to send flight upgrade tickets to Sonia Gandhi. Had access to MMS (Manmohan Singh) and PC (P Chidambaram). Is absconding. Rahul inaugurated Nirav Modi's bridal jewellery collection, he defaulted. Rana bought Priyanka Vadra's paintings."

Rubbishing the allegation, Congress spokesperson Abhishek Manu Singhvi said it was a "diversionary" tactic by the government.

He noted that the bank's loan book rose from Rs 55,633 crore in March 2014, the year Narendra Modi became prime minister, to Rs 2,41,499 crore in March 2019.

"Why did the loan book rise by 100 per cent in two years after demonetisation i.e from Rs 98,210 cr in March 2016 to Rs 2,03,534 cr in March 2018? Were PM and FM sleeping, ignorant or complicit?" he asked.

The entire amount Priyanka Gandhi Vadra had received was in cheque and was fully disclosed in the income tax return, Mr Singhvi said.

Rana Kapoor, 62, was arrested by the Enforcement Directorate in Mumbai after charges of alleged financial irregularities and mismanagement in the bank's operations surfaced and the RBI and Union government initiated action to control its affairs.