Son has no business link with Abhishek Verma: Tytler | delhi | Hindustan Times
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Son has no business link with Abhishek Verma: Tytler

delhi Updated: Aug 03, 2012 23:43 IST
HT Correspondent

Former Union minister and senior Congress leader Jagdish Tytler on Friday said that he and his son Siddhartha do not have any business relations with controversial arms dealer Abhishek Verma.

A Cyprus-based company Corewip had complained that Abhishek Verma and Tytler’s son Siddhartha and their associates defrauded it of US $ 1.1 million.

“My son invested a mere sum of Rs. 50,000 as a shareholder of GT Telecom Private Limited. He along with other stakeholders entered into a joint venture with Corewip to carry out telecom business after obtaining requisite permission from the government and other authorities. My son or I didn't have direct or indirect association with the day-to-day affairs of the said companies. We do not know anything more in this regard except that my son is just a stakeholder,” clarified Tytler.

“Corewip had issued a legal notice on February 10 this year making my son as one of the parties along with eight others and asked for return of money sent by them and to file cessation of their nominee director in the said company.

The notice was duly replied on March 5 informing the factual position.

Thereafter, there was no communication form the foreign company,” added Tytler.

He also said that one of the stakeholders filed an arbitration petition on March 8 before the Supreme Court seeking appointment of an arbitrator to settle the dispute between the two joint venture partners.

Ganton India was managed by Abhishek Verma's Romanian wife Anca Neacsu. Both Abhishek and Anca are in judicial custody in another CBI case.