Social activist-turned-politician Arvind Kejriwal's charge on Friday that realty major DLF had struck a “corrupt” deal with Congress president Sonia Gandhi's son-in-law Robert Vadra hit the company hard on Monday, with its share tanking 7% to Rs 223 on the Bombay Stock Exchange.
Kejriwal alleged that India's biggest property developer had given an interest-free loan of Rs. 65 crore and also sold property at cheap rates to Vadra. But the company on Saturday termed the allegation baseless.
"DLF granted favours to Robert Vadra. What favours did Haryana government grant DLF? How is DLF reply a bunch of lies? Will speak tomorrow (Tuesday) at 5pm."
Meanwhile, the 30-stock Sensex of the BSE lost 229.48 points, or 1.21%, to close at 18,708.98 points on Monday on global concerns and profit-booking.
Monday's close is well below the 19,000 mark it touched last week and is the lowest the index has touched in the past 10 days.
Also, finance minister P Chidambaram told the annual economic editors’ conference on Monday that the government could not look into private transactions unless there were specific allegations of corruption in the form of quid pro quo. Chidambaram said he couldn’t respond on behalf of the government as that was not the issue.